Lake Sunapee Bank (LSBG) 10-Q 10 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 03, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Trading Symbol	LSBG
Entity Registrant Name	Lake Sunapee Bank Group
Entity Central Index Key	846,931
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		8,381,713

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Cash and due from banks	$ 17,760	$ 16,426
Interest-bearing deposit with the Federal Reserve Bank	20,907	26,140
Cash and cash equivalents	38,667	42,566
Securities available-for-sale	170,290	120,198
Federal Home Loan Bank stock	12,203	9,963
Loans held-for-sale	1,244	2,188
Loans receivable, net of allowance for loan losses of $8.7 million as of March 31, 2016 and $8.9 million as of December 31, 2015	1,212,187	1,217,461
Accrued interest receivable	3,664	2,431
Bank premises and equipment, net	24,870	24,421
Investments in real estate	3,355	3,392
Other real estate owned	799	904
Goodwill	44,576	44,576
Other intangible assets	7,476	7,822
Bank-owned life insurance	31,061	30,833
Other assets	12,839	11,019
Total assets	1,563,231	1,517,774
Deposits:
Noninterest-bearing	121,870	127,428
Interest-bearing	1,019,616	1,029,924
Total deposits	1,141,486	1,157,352
Federal Home Loan Bank advances	203,350	150,000
Securities sold under agreements to repurchase	20,259	17,957
Subordinated debentures	36,891	36,873
Accrued expenses and other liabilities	21,564	18,884
Total liabilities	1,423,550	1,381,066
STOCKHOLDERS' EQUITY
Common stock, $.01 par value per share: 30,000,000 shares authorized, 8,816,042 shares issued and 8,381,713 shares outstanding at March 31, 2016, and 30,000,000 shares authorized, 8,811,170 shares issued and 8,376,841 shares outstanding at December 31, 2015	88	88
Paid-in capital	80,316	80,252
Retained earnings	69,640	68,344
Unearned restricted stock awards	(1,363)	(1,375)
Accumulated other comprehensive loss	(2,249)	(3,850)
Treasury stock, 434,329 shares as of March 31, 2016 and December 31, 2015, at cost	(6,751)	(6,751)
Total stockholders' equity	139,681	136,708
Total liabilities and stockholders' equity	$ 1,563,231	$ 1,517,774

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Loans receivable, allowance	$ 8,695	$ 8,905
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	30,000,000	30,000,000
Common stock, shares issued	8,816,042	8,811,170
Common stock, shares outstanding	8,381,713	8,376,841
Treasury stock, shares	434,329	434,329

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Interest and dividend income
Interest and fees on loans	$ 11,526	$ 11,590
Interest on debt securities:
Taxable	705	313
Tax-exempt	83	86
Dividends	85	48
Other	23	19
Total interest and dividend income	12,422	12,056
Interest expense
Interest on deposits	932	1,066
Interest on advances and other borrowed money	425	281
Interest on debentures	477	461
Interest on securities sold under agreements to repurchase	25	15
Total interest expense	1,859	1,823
Net interest and dividend income	10,563	10,233
Provision for loan losses	111	205
Net interest and dividend income after provision for loan losses	10,452	10,028
Noninterest income
Customer service fees	1,416	1,374
Gain on sales of securities, net		373
Mortgage banking activities	112	128
Net loss on sales and writedowns of other real estate and property owned	(15)	(3)
Rental income	168	169
Trust and investment management fee income	2,052	2,043
Insurance and brokerage service income	537	523
Bank-owned life insurance income	219	146
Other income	92	3
Total noninterest income	4,581	4,756
Noninterest expense
Salaries and employee benefits	6,221	6,035
Occupancy and equipment	1,502	1,681
Advertising and promotion	142	169
Depositors' insurance	238	238
Outside services	633	592
Professional services	295	282
ATM processing fees	188	188
Supplies	148	110
Telephone	271	269
Amortization of intangible assets	346	390
Other expenses	1,558	1,459
Total noninterest expense	11,542	11,413
Income (loss) before provision for income taxes	3,491	3,371
Provision for income taxes	1,022	1,068
Net income	2,469	2,303
Net income available to common stockholders	$ 2,441	$ 2,283
Earnings per common share, basic	$ 0.29	$ 0.28
Weighted average number of shares, basic	8,286,289	8,261,383
Earnings per common share, assuming dilution	$ 0.29	$ 0.28
Weighted average number of shares, assuming dilution	8,290,984	8,275,690
Dividends declared per common share	$ 0.14	$ 0.13

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net income	$ 2,469	$ 2,303
Net change in unrealized loss on available-for-sale securities, net of tax effect	1,601	244
Comprehensive income	$ 4,070	$ 2,547

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Changes in Stockholders Equity - USD ($) $ in Thousands	Total	Preferred Stock Amount	Common Stock Amount	Paid-in Capital	Retained Earnings	Unearned Restricted Stock Awards	Accumulated Other Comprehensive Loss	Treasury Stock
Balance, beginning of year (in shares) at Dec. 31, 2014		8,000	8,692,360
Balance, beginning of year at Dec. 31, 2014	$ 139,836		$ 87	$ 86,561	$ 63,876	$ (598)	$ (3,339)	$ (6,751)
Net income	2,303				2,303
Other comprehensive income	244						244
Exercise of stock options (cashless exchanges shown net)	28			28
Exercise of stock options (In shares)			3,014
Dividend reinvestment plan (in shares)			3,233
Dividend reinvestment plan	45			45
Dividends declared-preferred stock	(20)				(20)
Dividends paid-common stock ($0.13 per share)	(1,075)				(1,075)
Vesting of restricted stock awards	12					12
Balance, end of period (in shares) at Mar. 31, 2015		8,000	8,698,607
Balance, end of period at Mar. 31, 2015	141,373		$ 87	86,634	65,084	(586)	(3,095)	(6,751)
Balance, beginning of year (in shares) at Dec. 31, 2015			8,811,170
Balance, beginning of year at Dec. 31, 2015	136,708		$ 88	80,252	68,344	(1,375)	(3,850)	(6,751)
Net income	2,469				2,469
Other comprehensive income	1,601						1,601
Dividend reinvestment plan (in shares)			4,872
Dividend reinvestment plan	64			64
Dividends paid-common stock ($0.13 per share)	(1,173)				(1,173)
Vesting of restricted stock awards	12					12
Balance, end of period (in shares) at Mar. 31, 2016			8,816,042
Balance, end of period at Mar. 31, 2016	$ 139,681		$ 88	$ 80,316	$ 69,640	$ (1,363)	$ (2,249)	$ (6,751)

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Changes in Stockholders Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Dividends paid-common stock	$ 0.14	$ 0.13

Condensed Consolidated Stateme8

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 2,469	$ 2,303
Depreciation and amortization	634	607
Amortization of fair value adjustments, net	40	67
Amortization of deferred expenses related to issuance of capital securities and subordinated debt	18	18
Amortization of securities, net	69	74
Net decrease in mortgage servicing rights	264	238
Loans originated for sale	(10,193)	(20,931)
Proceeds from loans sold	11,247	18,954
Increase in cash surrender value of life insurance	(228)	(155)
Amortization of intangible assets	346	390
Provision for loan losses	111	205
Increase in accrued interest receivable and other assets	(3,361)	(256)
Net (gain) loss on sales of premises, equipment, investment in real estate, other real estate owned and other assets	(3)	3
Write-down of other real estate owned	18
Net gain on sales of securities		(373)
Net gain on sales of loans	(110)	(180)
Change in deferred loan origination fees and cost, net	(2)	48
Increase in accrued expenses and other liabilities	1,642	3,563
Net cash provided by operating activities	2,961	4,575
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures - investments in real estate		(4)
Capital expenditures - premises and equipment	(1,002)	(587)
Proceeds from sales and calls of securities available-for-sale	362	35,555
Proceeds from maturities of securities available-for-sale	2,357	45,993
Purchases of securities available-for-sale	(50,229)	(81,309)
Purchase of Federal Home Loan Bank stock	(2,240)
Loan originations and principal collections, net	5,008	13,394
Recoveries of loans previously charged off	105	62
Proceeds from sales of premises, equipment, investment in real estate, other real estate owned and other assets	90	53
Net cash (used in) provided by investing activities	(45,549)	13,157
CASH FLOWS FROM FINANCING ACTIVITIES:
Net (decrease) increase in demand deposits, savings and NOW accounts	(37,668)	401
Net increase (decrease) in time deposits	21,814	(21,878)
Net increase (decrease) in securities sold under agreements to repurchase	2,302	(551)
Net increase (decrease) in short-term advances from Federal Home Loan Bank	33,000	(10,000)
Principal advances from Federal Home Loan Bank	20,350	20,000
Repayment of advances from the Federal Home Loan Bank		(10,000)
Issuance of common stock from dividend reinvestment plan	19	9
Dividends paid on preferred stock		(20)
Dividends paid on common stock	(1,128)	(1,039)
Proceeds from exercise of stock options		28
Net cash provided by (used in) financing activities	38,689	(23,050)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(3,899)	(5,318)
CASH AND CASH EQUIVALENTS, beginning of period	42,566	51,120
CASH AND CASH EQUIVALENTS, end of period	38,667	45,802
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest paid	1,792	1,861
Income taxes paid	$ 220	127
Loans transferred to other real estate owned		$ 412

Nature of Operations

Nature of Operations	3 Months Ended
	Mar. 31, 2016
Nature of Operations	Nature of Operations Lake Sunapee Bank Group (the “Company”), a Delaware company organized on July 5, 1989, is the parent company of Lake Sunapee Bank, fsb (the “Bank”), a federally chartered savings bank organized in 1868. The Bank has four wholly owned subsidiaries: Lake Sunapee Financial Services Corporation (“LSFS”); Lake Sunapee Group, Inc., which owns and maintains all buildings and investment properties; McCrillis & Eldredge Insurance, Inc. (“M&E”), a full-line independent insurance agency, which offers a complete range of commercial insurance services and consumer products; and Charter Holding Corp. (“Charter Holding”), which through its subsidiaries, provides trust and wealth management services. The Company’s operations are managed along three reportable segments that represent its core businesses: Banking, Wealth Management and the Holding Company. The Banking segment provides a wide array of lending and depository-related products and services to individuals, businesses and municipal enterprises. The Banking segment also provides commercial insurance and consumer products, including life, health, auto and homeowner insurance, through M&E and brokerage services through LSFS. The Wealth Management segment provides trust and investment services through Charter Holding and its subsidiary, Charter Trust Company (“Charter Trust”). The Company, through its direct and indirect subsidiaries, currently operates 26 locations in New Hampshire in Grafton, Hillsborough, Merrimack and Sullivan counties as well as 14 locations in Vermont in Orange, Rutland and Windsor counties. The Bank is a member of the Federal Deposit Insurance Corporation (“FDIC”) and its deposits are insured by the FDIC. The Company is regulated by the Board of Governors of the Federal Reserve System (“FRB”), and the Bank is regulated by the Office of the Comptroller of the Currency (“OCC”).

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2016
Basis of Presentation	Note A—Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and the instructions to Form 10-Q and, accordingly, do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The condensed balance sheet data at December 31, 2015 was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016. In preparing consolidated financial statements in conformity with U.S. GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet and reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the evaluation of goodwill and other intangible assets for impairment, other-than-temporary impairment of securities and income taxes.

Accounting Policies

Accounting Policies	3 Months Ended
	Mar. 31, 2016
Accounting Policies	Note B—Accounting Policies The condensed consolidated financial statements include the accounts of the Company and its subsidiary, the Bank, and the Bank’s subsidiaries, M&E, Lake Sunapee Group, Inc., LSFS and Charter Holding and its subsidiaries, Charter Trust and Charter New England Agency. All significant intercompany accounts and transactions have been eliminated in consolidation. NHTB Capital Trust II and NHTB Capital Trust III, affiliates of the Company, were formed to sell capital securities to the public through a third-party trust pool. In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 810-10, “Consolidation-Overall,” these affiliates have not been included in the condensed consolidated financial statements. Effective as of March 31, 2016, the Company adopted the Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2015-03, “Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.” The guidance requires the Company to report debt issuance costs, less amortization, net against the outstanding principal balance of the related debt. The guidance was adopted on a retrospective basis. Debt issuance costs which were reported in previous periods in other assets have been reclassified against subordinated debentures reducing the reported outstanding principal.

Impact of New Accounting Standa

Impact of New Accounting Standards	3 Months Ended
	Mar. 31, 2016
Impact of New Accounting Standards	Note C—Impact of New Accounting Standards In May 2014 and August 2015, respectively, the FASB issued ASU 2014-09 and 2015-14, “Revenue from Contracts with Customers (Topic 606).” The objective of ASU 2014-09 is to clarify principles for recognizing revenue and to develop a common revenue standard for U.S. GAAP and International Financial Reporting Standards. The guidance in ASU 2014-09 affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. The core principal of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. For public entities, the amendments in ASU 2015-14 defer the effective date of ASU 2014-09 to interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted, but not before the original effective date (i.e., interim and annual reporting periods beginning after December 15, 2016). The Company is currently reviewing ASUs 2014-09 and 2015-14 to determine if they will have an impact on its consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Liabilities.” The amendments in this update make targeted improvements to GAAP as follows: 1. Require equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. However, an entity may choose to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. 2. Simplify the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value. 3. Eliminate the requirement to disclose the fair value of financial instruments measured at amortized cost for entities that are not public business entities. 4. Eliminate the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet. 5. Require public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. 6. Require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. 7. Require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements. 8. Clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. The standard is effective for interim and annual reporting periods beginning after December 15, 2017. Early adoption of item 6 above is permitted for financial statements of fiscal years or interim periods that have not yet been issued. Early adoption of other items above is not permitted. The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” This ASU was issued to increase transparency and comparability among organizations by requiring reporting entities to recognize all leases, including operating, as lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The amendments in this ASU are effective for public entities for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-04, “Liabilities – Extinguishment of Liabilities (Subtopic 405-20): Recognition of Breakage for Certain Prepaid Stored-Value Products.” The objective of this ASU is to address the current and potential future diversity in practice related to the derecognition of a prepaid stored-value product liability. The amendments in this ASU are effective for public entities for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-06, “Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments.” This ASU requires that embedded derivatives be separated from the host contract and accounted for separately as derivatives if certain criteria are met, including when the economic characteristics and risk of the embedded derivatives are not clearly and closely related to the economic characteristics and risk of the host contract. The amendments in this ASU are effective for public entities for fiscal years beginning after December 15, 2017, and interim periods within the fiscal year beginning after December 15, 2018. The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-07, “Investments – Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting.” This ASU eliminates the requirement that when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence, an investor must adjust the investment, results of operations and related retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods that the investment had been held. The amendments in this ASU are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. The amendments should be applied prospectively upon their effective date to increases in the level of ownership interest or degree of influence that result in the adoption of the equity method. Earlier application is permitted. The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-08, “Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations.” This ASU clarifies the implementation guidance on principal versus agent considerations but does not change the core principles of the guidance in Topic 606. The amendments in this ASU affect the guidance in ASU 2014-09, “Revenue from Contracts with Customers (Topic 606),” which is not yet effective. For public entities, the amendments in ASU 2015-14 defer the effective date of ASU 2014-09 to interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted, but not before the original effective date (i.e., interim and annual reporting periods beginning after December 15, 2016). The Company is currently reviewing ASUs 2014-09, 2015-14 and 2016-08 to determine if they will have an impact on its consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” This ASU simplifies several areas of accounting for share-based compensation including accounting for income taxes, forfeitures and classification of excess tax benefits and employee taxes paid. The amendments in this ASU are effective for public entities for fiscal years beginning after December 15, 2016, and interim periods within those annual periods. The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements. In April 2016, the FASB issued ASU 2016-10, “Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing.” This ASU is expected to reduce the cost and complexity of identifying performance obligations and licensing as well as providing additional guidance on when to recognize revenue for a sales-based or usage-based royalty promised in exchange for a license. The amendments in this ASU affect the guidance in ASU 2014-09, “Revenue from Contracts with Customers (Topic 606),” which is not yet effective. For public entities, the amendments in ASU 2015-14 defer the effective date of ASU 2014-09 to interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted, but not before the original effective date (i.e., interim and annual reporting periods beginning after December 15, 2016). The Company is currently reviewing ASUs 2014-09, 2015-14, 2016-08 and 2016-10 to determine if they will have an impact on its consolidated financial statements.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2016
Fair Value Measurements	Note D—Fair Value Measurements In accordance with ASC 820-10, “Fair Value Measurement—Overall,” the Company groups its financial assets and financial liabilities measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. Level 1—Valuations for assets and liabilities traded in active exchange markets, such as The NASDAQ Stock Market. Level 1 also includes U.S. Treasury, other U.S. government and agency mortgage-backed securities that are traded by dealers or brokers in active markets. Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. Level 2—Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained from third party pricing services for identical or comparable assets or liabilities. Level 3—Valuations for assets and liabilities that are derived from other methodologies, including option pricing models, discounted cash flow models and similar techniques, are not based on market exchange, dealer or broker traded transactions. Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets and liabilities. A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. The Company’s equity securities are generally classified within Level 1 of the fair value hierarchy because they are valued using quoted market prices. The Company’s investments in mortgage-backed securities, asset-backed securities, preferred stock with maturities and other debt securities available-for-sale are generally classified within Level 2 of the fair value hierarchy. For these securities, the Company obtains fair value measurements from independent pricing services. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, trading levels, market consensus prepayment speeds, credit information and the instrument’s terms and conditions. Level 3 is for positions that are not traded in active markets or are subject to transfer restrictions, valuations are adjusted to reflect illiquidity and/or non-transferability, and such adjustments are generally based on available market evidence. In the absence of such evidence, management’s best estimate is used. Subsequent to inception, management only changes Level 3 inputs and assumptions when corroborated by evidence such as transactions in similar instruments, completed or pending third-party transactions in the underlying investment or comparable entities, subsequent rounds of financing, recapitalization and other transactions across the capital structure, offerings in the equity or debt markets, and changes in financial ratios or cash flows. Assets and Liabilities Measured at Fair Value on a Recurring Basis Securities Available-for-Sale. Interest Rate Lock Commitments. Forward Sale Commitments Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis Impaired Loans. Other Real Estate Owned. Mortgage Servicing Rights. The following summarizes assets and liabilities measured at fair value at March 31, 2016 and December 31, 2015. Assets Measured at Fair Value on a Recurring Basis Fair Value Measurements at Reporting Date Using: (Dollars in thousands) March 31, Quoted Prices in Significant Significant U.S. Treasury notes $ 35,192 $ — $ 35,192 $ — U.S. government-sponsored enterprise bonds 7,277 — 7,277 — Mortgage-backed securities 78,130 — 78,130 — Municipal bonds 8,027 — 8,027 — Other bonds and debentures 41,367 — 41,367 — Equity securities 297 297 — — Interest rate lock commitments 104 — — 104 Totals $ 170,394 $ 297 $ 169,993 $ 104 (Dollars in thousands) December 31, Quoted Prices in Significant Significant U.S. Treasury notes $ 34,939 $ — $ 34,939 $ — U.S. government-sponsored enterprise bonds 7,211 — 7,211 — Mortgage-backed securities 69,334 — 69,334 — Municipal bonds 8,304 — 8,304 — Other bonds and debentures 112 — 112 — Equity securities 298 298 — — Interest rate lock commitments 32 — — 32 Totals $ 120,230 $ 298 $ 119,900 $ 32 Liabilities Measured at Fair Value on a Recurring Basis Fair Value Measurements at Reporting Date Using: (Dollars in thousands) March 31, Quoted Prices in Significant Significant Forward loan sale commitments $ 121 $ — $ — $ 121 $ 121 $ — $ — $ 121 Fair Value Measurements at Reporting Date Using: (Dollars in thousands) December 31, Quoted Prices in Significant Significant Forward loan sale commitments $ 14 $ — $ — $ 14 $ 14 $ — $ — $ 14 The following table presents the changes in Level 3 assets and liabilities that were measured at fair value on a recurring basis for the periods indicated: (Dollars in thousands) Forward Loan Sale Interest Rate Lock Three months ended March 31, 2016 Balance as of December 31, 2015 $ (14 ) $ 32 Realized (loss) gain recognized in non-interest income (107 ) 104 Transfers to loans held for sale — (32 ) Balance as of March 31, 2016 $ (121 ) $ 104 (Dollars in thousands) Forward Loan Sale Interest Rate Lock Three months ended March 31, 2015 Balance as of December 31, 2014 $ — $ — Realized (loss) gain recognized in non-interest income (128 ) 128 Transfers to loans held for sale — — Balance as of March 31, 2015 $ (128 ) $ 128 Assets Measured at Fair Value on a Nonrecurring Basis Fair Value Measurements at Reporting Date Using: (Dollars in thousands) March 31, Quoted Prices in Significant Significant Impaired loans $ 1,575 $ — $ — $ 1,575 Mortgage servicing rights 2,177 — — 2,177 Other real estate owned 799 — — 799 $ 4,551 $ — $ — $ 4,551 (Dollars in thousands) December 31, Quoted Prices in Significant Significant Impaired loans $ 5,905 $ — $ — $ 5,905 Mortgage servicing rights 2,441 2,441 Other real estate owned 904 — — 904 $ 9,250 $ — $ — $ 9,250 There were no loans with a specific reserve measured for impairment using the fair value of the underlying collateral at March 31, 2016 and December 31, 2015. Collateral dependent loans are valued using third-party appraisals primarily using the sales comparison approach. The appraisals may be discounted between 25-40% to reflect realizable value based on historical losses, which represents an unobservable input. Impaired loans measured for impairment using the net present value of cash flows had a recorded investment of $1.8 million with a valuation allowance of $229 thousand at March 31, 2016. Loans valued using the net present value of cash flows are calculated using expected future cash flows with a discount rate equal to the effective yield of the loan. At December 31, 2015, impaired loans measured using the net present value of cash flows had a recorded investment of $6.3 million with a valuation allowance of $386 thousand. The estimated fair values of the Company’s financial instruments at March 31, 2016 and December 31, 2015, all of which are held or issued for purposes other than trading, were as follows: Fair Value Measurements at Reporting Date Using: (Dollars in thousands) March 31, 2016 Carrying Quoted Prices Significant Significant Total Financial assets: Cash and cash equivalents $ 38,667 $ 38,667 $ — $ — $ 38,667 Securities available-for-sale 170,290 297 169,993 — 170,290 Federal Home Loan Bank stock 12,203 12,203 — — 12,203 Loans held-for-sale 1,244 — 1,262 — 1,262 Loans, net 1,212,187 — — 1,218,958 1,218,958 Investment in unconsolidated subsidiaries 620 — — 492 492 Accrued interest receivable 3,664 3,664 — — 3,664 Interest rate lock commitments 104 — — 104 104 Financial liabilities: Deposits 1,141,486 — 1,142,798 — 1,142,798 Federal Home Loan Bank advances 203,350 — 204,347 — 204,347 Securities sold under agreements to repurchase 20,259 20,259 — — 20,259 Subordinated debentures 36,891 — — 33,291 33,291 Forward loan sale commitments 121 — — 121 121 Fair Value Measurements at Reporting Date Using (Dollars in thousands) December 31, 2015 Carrying Quoted Prices Significant Significant Total Financial assets: Cash and cash equivalents $ 42,566 $ 42,566 $ — $ — $ 42,566 Securities available-for-sale 120,198 298 119,900 — 120,198 Federal Home Loan Bank stock 9,963 9,963 — — 9,963 Loans held-for-sale 2,188 — 2,202 — 2,202 Loans, net 1,217,461 — — 1,215,166 1,215,166 Investment in unconsolidated subsidiaries 620 — — 349 349 Accrued interest receivable 2,431 2,431 — — 2,431 Interest rate lock commitments 32 — — 32 32 Financial liabilities: Deposits 1,157,352 — 1,157,080 — 1,157,080 Federal Home Loan Bank advances 150,000 — 150,312 — 150,312 Securities sold under agreements to repurchase 17,957 17,957 — — 17,957 Subordinated debentures 36,873 — — 27,983 27,983 Forward loan sale commitments 14 — — 14 14 The carrying amounts of financial instruments shown in the above tables are included in the condensed consolidated balance sheets under the indicated captions, except for investment in unconsolidated subsidiaries which is included in other assets and interest rate lock commitments and forward sale commitments, which are included in other assets and other liabilities, respectively. The Company did not have any significant transfers of assets or liabilities between Levels 1 and 2 of the fair value hierarchy during the three months ended March 31, 2016 or during the 12-month period ended December 31, 2015.

Securities

Securities	3 Months Ended
	Mar. 31, 2016
Securities	Note E—Securities Debt and equity securities have been classified in the consolidated balance sheets according to management’s intent. The amortized cost basis of securities available-for-sale and their approximate fair values at March 31, 2016 and December 31, 2015 are summarized as follows: (Dollars in thousands) March 31, 2016 Amortized Gross Gross Fair Value Bonds and notes U.S. Treasury notes $ 35,257 $ — $ 65 $ 35,192 U.S. government-sponsored enterprise bonds 7,290 1 14 7,277 Mortgage-backed securities 77,833 395 98 78,130 Municipal bonds 8,045 82 100 8,027 Other bonds and debentures 40,298 1,074 5 41,367 Equity securities 258 48 9 297 Total available-for-sale $ 168,981 $ 1,600 $ 291 $ 170,290 (Dollars in thousands) December 31, 2015 Amortized Gross Gross Fair Value Bonds and notes U.S. Treasury notes $ 35,282 $ — $ 343 $ 34,939 U.S. government-sponsored enterprise bonds 7,305 1 95 7,211 Mortgage-backed securities 70,169 14 849 69,334 Municipal bonds 8,418 34 148 8,304 Other bonds and debentures 108 4 — 112 Equity securities 258 49 9 298 Total available-for-sale $ 121,540 $ 102 $ 1,444 $ 120,198 Maturities of debt securities, excluding mortgage-backed securities, classified as available-for-sale are as follows as of March 31, 2016: (Dollars in thousands) Fair Value Other bonds and debentures $ 80 Total due in less than one year $ 80 U.S. Treasury notes $ 35,192 U.S. government-sponsored enterprise bonds 6,990 Municipal bonds 6,082 Total due after one year through five years $ 48,264 U.S. government-sponsored enterprise bonds $ 131 Municipal bonds 735 Other bonds and debentures 41,267 Total due after five years through ten years $ 42,133 U.S. government-sponsored enterprise bonds $ 156 Municipal bonds 1,210 Other bonds and debentures 20 Total due after ten years $ 1,386 For the three months ended March 31, 2016 there were no sales of securities available-for-sale. For the three months ended March 31, 2015, the proceeds from sales of securities available-for-sale were $35.6 million. Gross gains of $373 thousand were realized during the same period on these sales. The tax provision applicable to these net realized gains amounted to $148 thousand. Securities, carried at $117.7 million and $119.8 million, were pledged to secure public deposits, Federal Home Loan Bank (“FHLB”) advances, and securities sold under agreements to repurchase as of March 31, 2016 and December 31, 2015, respectively.

Other-Than-Temporary Impairment

Other-Than-Temporary Impairment Losses	3 Months Ended
	Mar. 31, 2016
Other-Than-Temporary Impairment Losses	Note F—Other-Than-Temporary Impairment Losses The aggregate fair value and unrealized losses of securities that have been in a continuous unrealized loss position for less than 12 months and for 12 months or more, and are not other-than-temporarily impaired, are as follows as of the dates indicated: Less than 12 Months 12 Months or Longer Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized March 31, 2016: Bonds and notes— U.S. Treasury notes $ 24,963 $ 52 $ 10,229 $ 13 $ 35,192 $ 65 U.S. Government-sponsored enterprise bonds 2,992 9 156 5 3,148 14 Mortgage-backed securities 5,214 15 11,148 83 16,362 98 Municipal bonds — — 2,785 100 2,785 100 Other bonds and debentures 80 5 — — 80 5 Equity securities 55 9 — — 55 9 Total temporarily impaired securities $ 33,304 $ 90 $ 24,318 $ 201 $ 57,622 $ 291 December 31, 2015: Bonds and notes— U.S. Treasury notes $ 24,817 $ 199 $ 10,122 $ 144 $ 34,939 $ 343 U.S. Government-sponsored enterprise bonds 2,967 33 4,101 62 7,068 95 Mortgage-backed securities 56,351 592 11,681 257 68,032 849 Municipal bonds 1,420 38 2,208 110 3,628 148 Equity securities 53 9 — — 53 9 Total temporarily impaired securities $ 85,608 $ 871 $ 28,112 $ 573 $ 113,720 $ 1,444 The investments in the Company’s investment portfolio that were temporarily impaired as of March 31, 2016 consisted of U.S. Treasury notes, U.S. government-sponsored enterprise bonds, mortgage-backed securities issued by U.S. government-sponsored enterprises, municipal bonds, other bonds and debentures and equity securities. The unrealized losses on debt securities are primarily attributable to changes in market interest rates and current market inefficiencies. The Company has the ability and intent to hold debt securities until maturity, and therefore, no declines are deemed to be other-than-temporary. The unrealized losses on equity securities have occurred for less than 12 months and the Company does not believe the losses relate to credit quality of the issuers. The Company has the ability and intent to hold these investments until a recovery of cost basis.

Loan Portfolio

Loan Portfolio	3 Months Ended
	Mar. 31, 2016
Loan Portfolio	Note G—Loan Portfolio Loans receivable consisted of the following as of the dates indicated: March 31, 2016 (Dollars in thousands) Originated Acquired Total Real estate loans: Conventional $ 604,360 $ 40,561 $ 644,921 Home equity 66,755 5,307 72,062 Commercial 272,322 61,930 334,252 Construction 20,301 1,238 21,539 963,738 109,036 1,072,774 Commercial and municipal loans 128,980 8,838 137,818 Consumer loans 5,060 970 6,030 Total loans 1,097,778 118,844 1,216,622 Allowance for loan losses (8,423 ) (272 ) (8,695 ) Deferred loan origination costs, net 4,260 — 4,260 Loans receivable, net $ 1,093,615 $ 118,572 $ 1,212,187 December 31, 2015 (Dollars in thousands) Originated Acquired Total Real estate loans: Conventional $ 600,763 $ 41,895 $ 642,658 Home equity 66,708 5,547 72,255 Commercial 259,834 63,434 323,268 Construction 33,663 1,255 34,918 960,968 112,131 1,073,099 Commercial and municipal loans 133,596 8,925 142,521 Consumer loans 5,411 1,077 6,488 Total loans 1,099,975 122,133 1,222,108 Allowance for loan losses (8,607 ) (298 ) (8,905 ) Deferred loan origination costs, net 4,258 — 4,258 Loans receivable, net $ 1,095,626 $ 121,835 $ 1,217,461 The following tables set forth information regarding the allowance for loan losses by portfolio segment as of and for the periods ending on the dates indicated: Real Estate (Dollars in thousands) March 31, 2016 Conventional Commercial Construction Commercial Consumer Unallocated Total Allowance for loan losses: Originated: Beginning balance, December 31, 2015 $ 4,197 $ 2,884 $ 197 $ 1,199 $ 68 $ 62 $ 8,607 Charge-offs (74 ) (243 ) — (20 ) (88 ) — (425 ) Recoveries 7 — — 10 67 — 84 Provision (benefit) 238 163 (93 ) (225 ) 11 63 157 Ending balance, March 31, 2016 $ 4,368 $ 2,804 $ 104 $ 964 $ 58 $ 125 $ 8,423 Acquired: Beginning balance, December 31, 2015 $ 63 $ 190 $ 21 $ 24 $ — $ — $ 298 Charge-offs — — — — (1 ) — (1 ) Recoveries 19 — — 1 1 — 21 (Benefit) provision (57 ) 22 (4 ) (7 ) — — (46 ) Ending balance, March 31, 2016 $ 25 $ 212 $ 17 $ 18 $ — $ — $ 272 Originated: Individually evaluated for impairment $ 117 $ 111 $ — $ — $ — $ — $ 228 Collectively evaluated for impairment 4,251 2,693 104 964 58 125 8,195 Acquired: Discounts related to credit quality 25 212 17 18 — — 272 Total allowance for loan losses ending balance, March 31, 2016 $ 4,393 $ 3,016 $ 121 $ 982 $ 58 $ 125 $ 8,695 Loans: Originated: Individually evaluated for impairment $ 5,320 $ 4,528 $ 437 $ 184 $ — $ — $ 10,469 Collectively evaluated for impairment 665,795 267,794 19,864 128,796 5,060 — 1,087,309 Acquired loans (Discounts related to Credit Quality) 45,868 61,930 1,238 8,838 970 — 118,844 Total loans ending balance, March 31, 2016 $ 716,983 $ 334,252 $ 21,539 $ 137,818 $ 6,030 $ — $ 1,216,622 Real Estate (Dollars in thousands) March 31, 2015 Conventional Commercial Construction Commercial Consumer Unallocated Total Allowance for loan losses: Originated: Beginning balance, December 31, 2014 $ 4,763 $ 2,724 $ 991 $ 635 $ 86 $ 70 $ 9,269 Charge-offs (135 ) — — (247 ) (66 ) — (448 ) Recoveries 5 — — 6 51 — 62 (Benefit) provision (52 ) (392 ) 113 151 5 380 205 Ending balance, March 31, 2015 $ 4,581 $ 2,332 $ 1,104 $ 545 $ 76 $ 450 $ 9,088 Acquired: Beginning balance, December 31, 2014 $ — $ — $ — $ — $ — $ — $ — Charge-offs — — — — — — — Recoveries — — — — — — — Provision (benefit) — — — — — — — Ending balance, March 31, 2015 $ — $ — $ — $ — $ — $ — $ — Originated: Individually evaluated for impairment $ 150 $ 3 $ — $ — $ — $ — $ 153 Collectively evaluated for impairment 4,431 2,329 1,104 545 76 450 8,935 Acquired loans (Discounts related to Credit Quality) — — — — — — — Total allowance for loan losses ending balance, March 31, 2015 $ 4,581 $ 2,332 $ 1,104 $ 545 $ 76 $ 450 $ 9,088 Loans: Originated: Individually evaluated for impairment $ 5,722 $ 5,613 $ 455 $ 661 $ — $ — $ 12,451 Collectively evaluated for impairment 638,762 235,686 37,981 120,110 6,790 — 1,039,329 Acquired loans (Discounts related to Credit Quality) 59,543 71,226 1,425 12,257 1,513 — 145,964 Total loans ending balance, March 31, 2015 $ 704,027 $ 312,525 $ 39,861 $ 133,028 $ 8,303 $ — $ 1,197,744 Real Estate (Dollars in thousands) December 31, 2015 Conventional Commercial Construction Commercial Consumer Unallocated Total Allowance for loan losses: Originated: Individually evaluated for impairment $ 200 $ 133 $ 15 $ 7 $ — $ — $ 355 Collectively evaluated for impairment 3,997 2,751 182 1,192 68 62 8,252 Acquired loans (Discounts related to Credit Quality) 63 190 21 24 — — 298 Total allowance for loan losses ending balance, December 31, 2015 $ 4,260 $ 3,074 $ 218 $ 1,223 $ 68 $ 62 $ 8,905 Loans: Originated: Individually evaluated for impairment $ 6,707 $ 5,078 $ 442 $ 732 $ — $ — $ 12,959 Collectively evaluated for impairment 660,764 254,756 33,221 132,864 5,411 — 1,087,016 Acquired loans (Discounts related to Credit Quality) 47,442 63,434 1,255 8,925 1,077 — 122,133 Total loans ending balance, December 31, 2015 $ 714,913 $ 323,268 $ 34,918 $ 142,521 $ 6,488 $ — $ 1,222,108 The following tables set forth information regarding nonaccrual loans and past-due loans as of the dates indicated: March 31, 2016 (Dollars in thousands) 30-59 Days 60-89 Days 90 Days or Total Past Nonaccrual Originated: Real estate: Conventional $ 3,984 $ 149 $ 815 $ 4,948 $ 2,121 Home equity 15 — 125 140 131 Commercial 90 591 960 1,641 2,323 Construction — — — — — Commercial and municipal 37 59 90 186 106 Consumer (including credit card) 26 — — 26 — Total $ 4,152 $ 799 $ 1,990 $ 6,941 $ 4,681 Acquired: Real estate: Conventional $ 1,087 $ 94 $ 178 $ 1,359 $ 190 Home equity 42 — — 42 — Commercial 381 — 617 998 617 Construction — — — — — Commercial and municipal 62 — — 62 — Consumer (including credit card) 19 — — 19 — Total $ 1,591 $ 94 $ 795 $ 2,480 $ 807 December 31, 2015 (Dollars in thousands) 30-59 Days 60-89 Days 90 Days or Total Past Nonaccrual Originated: Real estate: Conventional $ 1,644 $ 1,309 $ 1,454 $ 4,407 $ 2,310 Home equity 180 — 166 346 166 Commercial 1,028 482 309 1,819 1,565 Construction 24 — — 24 — Commercial and municipal 89 50 584 723 584 Consumer (including credit card) 16 7 — 23 — Total $ 2,981 $ 1,848 $ 2,513 $ 7,342 $ 4,625 Acquired: Real estate: Conventional $ 514 $ 238 $ 654 $ 1,406 $ 707 Home equity 12 — 17 29 17 Commercial 386 — 677 1,063 677 Construction — — — — — Commercial and municipal 5 — — 5 — Consumer (including credit card) 6 12 — 18 — Total $ 923 $ 250 $ 1,348 $ 2,521 $ 1,401 There were no loans past due 90 days or more and still accruing as of March 31, 2016 and December 31, 2015. Troubled Debt Restructurings The following tables present the recorded investment in troubled debt restructured (“TDR”) loans as of March 31, 2016 and December 31, 2015 based on payment performance status: March 31, 2016 Real Estate (Dollars in thousands) Conventional Commercial Construction Commercial Total Performing $ 3,273 $ 2,737 $ 437 $ 92 $ 6,539 Non-performing 1,318 383 — 16 1,717 Total $ 4,591 $ 3,120 $ 437 $ 108 $ 8,256 December 31, 2015 Real Estate (Dollars in thousands) Conventional Commercial Construction Commercial Total Performing $ 3,506 $ 2,836 $ 442 $ 149 $ 6,933 Non-performing 1,160 285 — — 1,445 Total $ 4,666 $ 3,121 $ 442 $ 149 $ 8,378 TDR loans are considered impaired and are included in the impaired loan disclosures in this footnote. During the three month periods ended March 31, 2016 and 2015, certain loan modifications were executed that constituted TDRs. All of these modifications included one or a combination of the following: (1) an extension of the maturity date; (2) reduction in the interest rate; or (3) change in scheduled payment amount. The following table presents pre-modification balance information on how loans were modified as TDRs during the three months ended March 31, 2016: (Dollars in thousands) Interest Combination of Total Real estate: Commercial $ 45 $ 193 $ 238 Total TDRs $ 45 $ 193 $ 238 The following table presents pre-modification balance information on how loans were modified as TDRs during the three months ended March 31, 2015: (Dollars in thousands) Extended Combination of Combination of Interest Rate Total Real estate: Conventional $ 80 $ 160 $ 243 $ — $ 483 Commercial and municipal — — — 7 7 Total TDRs $ 80 $ 160 $ 243 $ 7 $ 490 The following table summarizes TDRs that occurred during the periods indicated: (Dollars in thousands) Number of Pre-Modification Post-Modification March 31, 2016: Troubled Debt Restructurings: Real estate: Commercial 2 $ 238 $ 238 2 $ 238 $ 238 (Dollars in thousands) Number of Pre-Modification Post-Modification March 31, 2015: Troubled Debt Restructurings: Real estate: Conventional 3 $ 483 $ 483 Commercial and municipal 1 7 7 4 $ 490 $ 490 At March 31, 2016, there were no specific loan loss reserves related to TDRs that occurred during the three-month period ended March 31, 2016. There were no TDRs for which there was a payment default during the three-month period ended March 31, 2016, which occurred within 12 months following the date of the loan debt restructuring. Loans are considered to be in payment default once they are greater than 30 days contractually past due under the modified terms. At March 31, 2015, there were specific loan loss reserves of $4 thousand related to TDRs that occurred during the three month period ended March 31, 2015. There were no TDRs for which there was a payment default during the three month period ending March 31, 2015, which occurred within 12 months following the date of the restructuring. Loans are considered to be in payment default once they are greater than 30 days contractually past due under the modified terms. Information about loans that meet the definition of an impaired loan in ASC 310-10-35, “Receivables-Overall-Subsequent Measurement,” is as follows as of March 31, 2016: (Dollars in thousands) Recorded Unpaid Related With no related allowance recorded: Real estate: Conventional $ 4,356 $ 5,107 $ — Home equity 148 242 — Commercial 3,595 4,314 — Construction 437 471 — Commercial and municipal 129 131 — Total impaired with no related allowance 8,665 10,265 — With an allowance recorded: Real estate: Conventional 816 841 117 Commercial 933 935 111 Commercial and municipal 55 58 1 Total impaired with an allowance recorded 1,804 1,834 229 Total: Real estate: Conventional 5,172 5,948 117 Home equity 148 242 — Commercial 4,528 5,249 111 Construction 437 471 — Commercial and municipal 184 189 1 Total impaired loans $ 10,469 $ 12,099 $ 229 Information about loans that meet the definition of an impaired loan in ASC 310-10-35 is as follows as of December 31, 2015: (Dollars in thousands) Recorded Unpaid Related With no related allowance recorded: Real estate: Conventional $ 3,175 $ 3,895 $ — Home equity 213 340 — Commercial 2,589 3,028 — Construction — — — Commercial and municipal 691 696 — Total impaired with no related allowance 6,668 7,959 — With an allowance recorded: Real estate: Conventional $ 3,319 $ 3,548 $ 231 Commercial 2,489 2,546 133 Construction 442 476 15 Commercial and municipal 41 42 7 Total impaired with an allowance recorded 6,291 6,612 386 Total: Real estate: Conventional 6,494 7,443 231 Home equity 213 340 — Commercial 5,078 5,574 133 Construction 442 476 15 Commercial and municipal 732 738 7 Total impaired loans $ 12,959 $ 14,571 $ 386 The following is a summary of the average recorded investment and interest income recognized on impaired loans for the three months ended March 31, 2016 and 2015: Three months ended March 31, 2016 Three months ended March 31, 2015 (Dollars in thousands) Average Interest Average Interest With no related allowance recorded: Real estate: Conventional $ 4,483 $ 37 $ 4,959 $ 46 Home equity 169 1 181 — Commercial 3,872 39 5,741 52 Construction 439 5 1,006 13 Commercial and municipal 161 1 672 2 Total impaired with no related allowance 9,124 83 12,559 113 With an allowance recorded: Real estate: Conventional 820 8 776 5 Commercial 937 10 203 1 Commercial and municipal 57 1 — — Total impaired with an allowance recorded 1,814 19 979 6 Total: Real estate: Conventional 5,303 45 5,735 51 Home equity 169 1 181 — Commercial 4,809 49 5,944 53 Construction 439 5 1,006 13 Commercial and municipal 218 2 672 2 Total impaired loans $ 10,938 $ 102 $ 13,538 $ 119 The recorded investment of conventional real estate loans in the process of foreclosure was $608 thousand and $1.2 million at March 31, 2016 and December 31, 2015, respectively. OREO was $799 thousand, representing three residential properties and one commercial property, at March 31, 2016, compared to $904 thousand, representing three residential properties and two commercial properties, of OREO and property acquired in settlement of loans at December 31, 2015. The carrying amount of acquired loans at March 31, 2016 totaled $118.6 million. A subset of these loans was determined to have evidence of credit deterioration at acquisition date, which is accounted for in accordance with ASC 310-30. These purchased credit-impaired loans presently maintain a carrying value of $2.2 million and an outstanding principal balance of $2.7 million at March 31, 2016. These loans are evaluated for impairment through the periodic reforecasting of expected cash flows. The carrying amount of acquired loans at December 31, 2015 totaled $121.9 million. A subset of these loans was determined to have evidence of credit deterioration at acquisition date, which is accounted for in accordance with ASC 310-30. These purchased credit-impaired loans presently maintain a carrying value of $2.4 million and an outstanding principal balance of $3.1 million at December 31, 2015. These loans are evaluated for impairment through the periodic reforecasting of expected cash flows. The following table presents the Company’s activity in the accretable yield for the purchased credit impaired loans for the periods indicated: (Dollars in thousands) Three months ended Three months ended Accretable yield at the beginning of the period $ 2,213 $ 2,125 Reclassification from nonaccretable difference for loans with improved cash flows 13 — Accretion (36 ) (43 ) Change in cash flows that do not affect nonaccretable difference (251 ) — Accretable yield at the end of the period $ 1,939 $ 2,082 The following tables present the Company’s loans by risk ratings as of the dates indicated: March 31, 2016 Real Estate (Dollars in thousands) Conventional Commercial Construction Commercial Consumer Total Originated: Grade: Pass $ — $ 236,028 $ 7,647 $ 108,592 $ — $ 352,267 Special mention — 4,254 14 108 — 4,376 Substandard 5,194 9,960 560 407 — 16,121 Loans not formally rated 665,921 22,080 12,080 19,873 5,060 725,014 Total $ 671,115 $ 272,322 $ 20,301 $ 128,980 $ 5,060 $ 1,097,778 Acquired: Grade: Pass $ — $ 54,739 $ 1,035 $ 7,963 $ — $ 63,737 Special mention — 1,684 — — — 1,684 Substandard 598 4,037 92 492 — 5,219 Loans not formally rated 45,270 1,470 111 383 970 48,204 Total $ 45,868 $ 61,930 $ 1,238 $ 8,838 $ 970 $ 118,844 December 31, 2015 Real Estate: (Dollars in thousands) Conventional and Commercial Construction Commercial and Consumer Total Originated: Grade: Pass $ — $ 222,466 $ 19,208 $ 111,653 $ — $ 353,327 Special mention — 4,278 18 112 — 4,408 Substandard 5,272 7,670 567 416 — 13,925 Loans not formally rated 662,199 25,420 13,870 21,415 5,411 728,315 Total $ 667,471 $ 259,834 $ 33,663 $ 133,596 $ 5,411 $ 1,099,975 Acquired: Grade: Pass $ — $ 56,212 $ 1,047 $ 8,031 $ — $ 65,290 Special mention — 1,643 — — — 1,643 Substandard 1,038 4,097 92 509 — 5,736 Loans not formally rated 46,404 1,482 116 385 1,077 49,464 Total $ 47,442 $ 63,434 $ 1,255 $ 8,925 $ 1,077 $ 122,133 Credit Quality Information The Company utilizes a nine grade internal loan rating system for commercial real estate, construction and commercial loans as follows: • Loans rated 10-37: Loans in these categories are considered “pass” rated loans with low to average risk. • Loans rated 40: Loans in this category are considered “special mention.” These loans are starting to show signs of potential weakness and are being closely monitored by management. • Loans rated 50: Loans in this category are considered “substandard.” Generally, a loan is considered substandard if it is inadequately protected by the current net worth and paying capacity of the obligors and/or the collateral pledged. There is a distinct possibility that the Company will sustain some loss if the weakness is not corrected. • Loans rated 60: Loans in this category are considered “doubtful.” Loans classified as doubtful have all the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, highly questionable and improbable. • Loans rated 70: Loans in this category are considered uncollectible or a loss, and of such little value that their continuance as loans is not warranted. On an annual basis, or more often if needed, the Company formally reviews the ratings on all commercial real estate, construction and commercial and municipal loans over $250 thousand. The assessment of those loans less than $250 thousand is based on the borrower’s ability to pay and not on overall risk. Additionally, the Company monitors the repayment activity for such loans less than $250 thousand and if a loan becomes delinquent over 60 days past due, it is reviewed for risk and is subsequently risk rated based on available information such as ability to repay based on current cash flow conditions and workout discussions with the borrower. For residential real estate, home equity and consumer loans, the Company initially assesses credit quality based upon the borrower’s ability to pay and subsequently monitors these loans based on the borrower’s payment capacity. Loan Servicing The Company recognizes as separate assets from their related loans the rights to service mortgage loans for others, either through acquisition of those rights or from the sale or securitization of loans with the servicing rights retained on those loans, based on their relative fair values. To determine the fair value of the servicing rights created, the Company uses the market prices under comparable servicing sale contracts, when available, or alternatively uses a valuation model that calculates the present value of future cash flows to determine the fair value of the servicing rights. In using this valuation method, the Company incorporates assumptions that market participants would use in estimating future net servicing income, which includes estimates of the cost of servicing loans, the discount rate, ancillary income, prepayment speeds and default rates. Mortgage servicing rights are amortized in proportion to, and over the period of, estimated net servicing revenues. Refinance activities are considered in estimating the periodic impairment of net servicing revenues. Impairment of mortgage servicing rights is assessed based on the fair value of those rights. Fair values are estimated using discounted cash flows based on a current market interest rate. For purposes of measuring impairment, the rights are stratified based on the interest rate risk characteristics of the underlying loans. The amount of impairment recognized is the amount by which the capitalized mortgage servicing rights for a stratum exceed their fair value. The balance of capitalized servicing rights, net of valuation allowances, included in other assets at March 31, 2016, and December 31, 2015 were $2.2 million and $2.4 million, respectively. The fair value of capitalized servicing rights was $3.4 million as of March 31, 2016 and $4.0 million as of December 31, 2015. Servicing rights of $108 thousand were capitalized during the three months ended March 31, 2016, compared to $163 thousand for the same period in 2015. Amortization of capitalized servicing rights was $247 thousand for the three months ended March 31, 2016, compared to $357 thousand for the same period in 2015. Following table is an analysis of the aggregate changes in the valuation allowance for capitalized servicing rights during the periods indicated: Three months ended March 31, (Dollars in thousands) 2016 2015 Balance, beginning of period $ 73 $ 19 Increase 125 44 Balance, end of period $ 198 $ 63

Securities Sold Under Agreement

Securities Sold Under Agreements to Repurchase	3 Months Ended
	Mar. 31, 2016
Securities Sold Under Agreements to Repurchase	Note H—Securities Sold Under Agreements to Repurchase The securities sold under agreements to repurchase are securities sold on a short-term basis by the Company that have been accounted for not as sales but as borrowings. The securities consisted of debt securities issued by the U.S. Treasury and government-sponsored enterprises, mortgage-backed securities and municipal bonds. The securities were held in the Company’s safekeeping account at the Federal Home Loan Bank of Boston under the control of the Company and pledged to the purchasers of the securities. The purchasers have agreed to sell to the Company substantially identical securities at the maturity of the agreements. The following table represents the Company’s short-term collateralized financing obtained through repurchase agreements and the related collateral pledged as of the periods indicated: (Dollars in thousands) March 31, December 31, Repurchase agreements collateral U.S. Treasury notes $ 2,423 $ 20,973 U.S. government-sponsored enterprise bonds 452 414 Mortgage-backed securities 19,079 2,896 Municipal bonds 735 729 Total $ 22,689 $ 25,012 Repurchase agreements $ 20,259 $ 17,957

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2016
Stock-Based Compensation	Note I—Stock-Based Compensation The Company’s 2014 Stock Incentive Plan, which was approved by the stockholders on May 8, 2014, had 410,000 shares remaining available for issuance at March 31, 2016. The Company accounts for the plan under ASC 718-10, “Compensation-Stock Compensation-Overall.” During the three months ended March 31, 2016 and 2015, stock-based compensation expense of $86 thousand and $39 thousand, respectively, was recognized under the Company’s equity plan. As of March 31, 2016, there were no options and 93,050 restricted stock non-vested awards outstanding under the 2004 Plan. There are currently no outstanding options under the 2014 Plan. The Company granted a total of 16,500 shares of restricted stock awards to directors of the Company effective May 1, 2014. The restricted stock was granted under the Company’s 2004 Stock Incentive Plan and awarded the directors shares of restricted common stock of the Company. Of the shares granted, 1,500 shares vested immediately on May 1, 2014 with the remaining 15,000 shares vesting ratably over a five-year period beginning on May 1, 2015. The Company granted a total of 64,250 shares of restricted stock awards to officers of the Company effective June 11, 2015. The restricted stock was granted under the Company’s 2014 Stock Incentive Plan and awarded the officers shares of restricted common stock of the Company. The shares vest ratably over a five-year period beginning on June 11, 2016.

Pension Benefits

Pension Benefits	3 Months Ended
	Mar. 31, 2016
Pension Benefits	Note J—Pension Benefits The following summarizes the net periodic pension cost for the periods indicated: Three months ended March 31, (Dollars in thousands) 2016 2015 Interest cost $ 31 $ 93 Expected return on plan assets (63 ) (160 ) Amortization of unrecognized net loss 32 89 Net periodic pension cost $ — $ 22

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities	Note K—Derivative Instruments and Hedging Activities The Company’s mortgage banking activities include IRLCs and forward sales commitments that result in derivative instruments. IRLCs are provided on applications for residential mortgages intended for resale and are accounted for as non-hedging derivatives. The Company arranges offsetting forward sales commitments for these rate-locks, which are designated as economic hedges. The IRLCs generally terminate once the loan is funded, the lock period expires or the borrower decides not to contract for the loan. The forward commitments generally terminate once the loan is sold, the commitment period expires or the borrower decides not to contract for the loan. The following table summarizes the fair values of derivative instruments in the consolidated balance sheet as of the periods indicated: (Dollars in thousands) March 31, 2016 Notional Fair Value Interest rate lock commitments $ 9,550 $ 104 Forward loan sale commitments $ 13,027 $ (121 ) (Dollars in thousands) December 31, 2015 Notional Fair Value Interest rate lock commitments $ 4,623 $ 32 Forward loan sale commitments $ 5,135 $ (14 )

Earnings Per Share ("EPS")

Earnings Per Share ("EPS")	3 Months Ended
	Mar. 31, 2016
Earnings Per Share ("EPS")	Note L—Earnings Per Share (“EPS”) The Company computes earnings per share in accordance with FASB ASC 260-10. Under the guidance, unvested restricted stock awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and, therefore, are included in computing basic EPS pursuant to the two-class method. The two-class method determines earnings per share for each class of common stock and participating securities according to dividends or dividend equivalents and their respective participation rights in undistributed earnings. Basic EPS has been computed using the weighted average number of common shares outstanding during each period. Diluted EPS for the three months ended March 31, 2016 and 2015 assumes, as of the beginning of the period, exercise of stock awards using the treasury stock method. Certain of our stock awards that would potentially dilute Basic EPS in the future were antidilutive for the three and three months ended March 31, 2016 and 2015 and are discussed below. The following is a reconciliation of the numerators and denominators used in the calculation of Basic and Diluted EPS for the three months ended March 31, 2016 and 2015: (Dollars in thousands, except per share data) For the three months 2016 2015 Net income as reported $ 2,469 $ 2,303 Cumulative preferred stock dividend earned — (20 ) Dividends and undistributed earnings allocated to participating shares (28 ) — Net income applicable to common stock $ 2,441 $ 2,283 Weighted average common shares outstanding for basic EPS 8,286,289 8,261,383 Effect of dilutive equity-based awards 4,695 14,307 Weighted average common shares outstanding for dilutive EPS 8,290,984 8,275,690 Earnings per common share – basic $ 0.29 $ 0.28 Earnings per common share – diluted $ 0.29 $ 0.28

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2016
Accumulated Other Comprehensive Loss	Note M—Accumulated Other Comprehensive Loss Accumulated other comprehensive loss consists of the following: As of (Dollars in thousands) March 31, December 31, Net unrealized holding gain (loss) on available-for-sale securities, net of tax $ 791 $ (810 ) Unrecognized net actuarial loss, defined benefit pension plan, net of tax (3,040 ) (3,040 ) Accumulated other comprehensive loss $ (2,249 ) $ (3,850 ) Reclassification disclosures for the periods ended March 31, 2016 and 2015 follow: For the three months ended March 31, (Dollars in thousands) 2016 2015 Net unrealized holding gains on available-for-sale securities $ 2,651 $ 777 Reclassification adjustment for realized gains in net income (1) — (373 ) Other comprehensive income before income tax effect 2,651 404 Income tax expense (1,050 ) (160 ) Other comprehensive income, net of tax effect $ 1,601 $ 244 (1) Reclassification adjustments are comprised of realized securities gains. The gains have been reclassified out of accumulated other comprehensive loss and have affected certain lines in the condensed consolidated statements of income as follows: the pre-tax amounts are included in gain on sales of securities, net, the tax expense in the amount of $148 thousand for the three months ended March 31, 2015 is included in provision for income taxes and the after tax amounts are included in net income.

Operating Segments

Operating Segments	3 Months Ended
	Mar. 31, 2016
Operating Segments	Note N—Operating Segments The Company has three reportable operating segments: Banking, which includes the activities of the Bank and its subsidiaries, excluding Charter Holding, Wealth Management, which includes the activities of Charter Holding and its subsidiaries and the holding company and the Company, which operates as the parent holding company of the Bank and its subsidiaries and all financial activity between them is eliminated. The accounting policies of each reportable segment are the same as those of the Company. Income tax expense for the individual segments is calculated based on the activity of the segments. A summary of the Company’s operating segments is as follows: (Dollars in thousands) Banking Wealth Holding Eliminations Total Three Months Ended March 31, 2016 Net interest and dividend income (expense) $ 11,031 $ 4 $ (472 ) $ — $ 10,563 Provision for loan losses 111 — — — 111 Noninterest income 2,722 2,070 2,868 (3,079 ) 4,581 Noninterest expense 9,613 1,778 175 (24 ) 11,542 Income before provision for income taxes 4,029 296 2,221 (3,055 ) 3,491 Provision (benefit) for income taxes 1,161 109 (248 ) — 1,022 Net income $ 2,868 $ 187 $ 2,469 $ (3,055 ) $ 2,469 Total Assets $ 1,564,213 $ 22,843 $ 176,355 $ (200,180 ) $ 1,563,231 (Dollars in thousands) Banking Wealth Holding Eliminations Total Three Months Ended March 31, 2015 Net interest and dividend income (expense) $ 10,683 $ 7 $ (457 ) $ — $ 10,233 Provision for loan losses 205 — — — 205 Noninterest income 2,695 2,061 734 (734 ) 4,756 Noninterest expense 9,397 1,780 236 — 11,413 Income before provision for income taxes 3,776 288 41 (734 ) 3,371 Provision (benefit) for income taxes 1,223 107 (262 ) — 1,068 Net income $ 2,553 $ 181 $ 303 $ (734 ) $ 2,303 Total Assets $ 1,466,835 $ 18,811 $ 175,186 $ (173,709 ) $ 1,487,123

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2016
Subsequent Events	Note O—Subsequent Events On April 12, 2016 the Company declared a regular quarterly cash dividend of $0.14 per common share payable April 29, 2016, to stockholders of record as of April 22, 2016. On May 5, 2016 the Company and Bar Harbor Bankshares (“Bar Harbor”), the holding company for Bar Harbor Bank & Trust (“Bar Harbor Bank”), entered into an Agreement and Plan of Merger, dated as of May 5, 2016, by and between the Company and Bar Harbor (the “Merger Agreement”), pursuant to which Bar Harbor will acquire the Company subject to the terms and conditions set forth therein. Thereafter, pursuant to the terms of the plan of bank merger to be entered into by the Bank and Bar Harbor Bank, Lake Sunapee Bank will be merged with and into Bar Harbor Bank, with Bar Harbor Bank surviving. Under the terms of the Merger Agreement, each outstanding share of the Company stock will be converted into the right to receive 0.4970 shares of Bar Harbor common stock. The transaction is expected to close in the fourth quarter of 2016 or first quarter of 2017, subject to customary closing conditions, including receipt of regulatory approvals and the approvals of the shareholders of the Company and Bar Harbor.

Impact of New Accounting Stan25

Impact of New Accounting Standards (Policies)	3 Months Ended
	Mar. 31, 2016
Financial Instruments	In January 2016, the FASB issued ASU 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Liabilities.” The amendments in this update make targeted improvements to GAAP as follows: 1. Require equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. However, an entity may choose to measure equity investments that do not have readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. 2. Simplify the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value. 3. Eliminate the requirement to disclose the fair value of financial instruments measured at amortized cost for entities that are not public business entities. 4. Eliminate the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet. 5. Require public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. 6. Require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. 7. Require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements. 8. Clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. The standard is effective for interim and annual reporting periods beginning after December 15, 2017. Early adoption of item 6 above is permitted for financial statements of fiscal years or interim periods that have not yet been issued. Early adoption of other items above is not permitted. The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements.
Leases	In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” This ASU was issued to increase transparency and comparability among organizations by requiring reporting entities to recognize all leases, including operating, as lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The amendments in this ASU are effective for public entities for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements.
Liabilities - Extinguishment of Liabilities	In March 2016, the FASB issued ASU 2016-04, “Liabilities – Extinguishment of Liabilities (Subtopic 405-20): Recognition of Breakage for Certain Prepaid Stored-Value Products.” The objective of this ASU is to address the current and potential future diversity in practice related to the derecognition of a prepaid stored-value product liability. The amendments in this ASU are effective for public entities for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements.
Derivatives and Hedging	In March 2016, the FASB issued ASU 2016-06, “Derivatives and Hedging (Topic 815): Contingent Put and Call Options in Debt Instruments.” This ASU requires that embedded derivatives be separated from the host contract and accounted for separately as derivatives if certain criteria are met, including when the economic characteristics and risk of the embedded derivatives are not clearly and closely related to the economic characteristics and risk of the host contract. The amendments in this ASU are effective for public entities for fiscal years beginning after December 15, 2017, and interim periods within the fiscal year beginning after December 15, 2018. The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements.
Investments - Equity Method and Joint Ventures	In March 2016, the FASB issued ASU 2016-07, “Investments – Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting.” This ASU eliminates the requirement that when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence, an investor must adjust the investment, results of operations and related retained earnings retroactively on a step-by-step basis as if the equity method had been in effect during all previous periods that the investment had been held. The amendments in this ASU are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. The amendments should be applied prospectively upon their effective date to increases in the level of ownership interest or degree of influence that result in the adoption of the equity method. Earlier application is permitted. The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements.
Compensation - Stock Compensation	In March 2016, the FASB issued ASU 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” This ASU simplifies several areas of accounting for share-based compensation including accounting for income taxes, forfeitures and classification of excess tax benefits and employee taxes paid. The amendments in this ASU are effective for public entities for fiscal years beginning after December 15, 2016, and interim periods within those annual periods. The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements.
ASU 2014-09 and 2015-14
Revenue from Contracts with Customers	In May 2014 and August 2015, respectively, the FASB issued ASU 2014-09 and 2015-14, “Revenue from Contracts with Customers (Topic 606).” The objective of ASU 2014-09 is to clarify principles for recognizing revenue and to develop a common revenue standard for U.S. GAAP and International Financial Reporting Standards. The guidance in ASU 2014-09 affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. The core principal of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. For public entities, the amendments in ASU 2015-14 defer the effective date of ASU 2014-09 to interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted, but not before the original effective date (i.e., interim and annual reporting periods beginning after December 15, 2016). The Company is currently reviewing ASUs 2014-09 and 2015-14 to determine if they will have an impact on its consolidated financial statements.
ASU 2016-10
Revenue from Contracts with Customers	In April 2016, the FASB issued ASU 2016-10, “Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing.” This ASU is expected to reduce the cost and complexity of identifying performance obligations and licensing as well as providing additional guidance on when to recognize revenue for a sales-based or usage-based royalty promised in exchange for a license. The amendments in this ASU affect the guidance in ASU 2014-09, “Revenue from Contracts with Customers (Topic 606),” which is not yet effective. For public entities, the amendments in ASU 2015-14 defer the effective date of ASU 2014-09 to interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted, but not before the original effective date (i.e., interim and annual reporting periods beginning after December 15, 2016). The Company is currently reviewing ASUs 2014-09, 2015-14, 2016-08 and 2016-10 to determine if they will have an impact on its consolidated financial statements.
ASU 2016-08
Revenue from Contracts with Customers	In March 2016, the FASB issued ASU 2016-08, “Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations.” This ASU clarifies the implementation guidance on principal versus agent considerations but does not change the core principles of the guidance in Topic 606. The amendments in this ASU affect the guidance in ASU 2014-09, “Revenue from Contracts with Customers (Topic 606),” which is not yet effective. For public entities, the amendments in ASU 2015-14 defer the effective date of ASU 2014-09 to interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted, but not before the original effective date (i.e., interim and annual reporting periods beginning after December 15, 2016). The Company is currently reviewing ASUs 2014-09, 2015-14 and 2016-08 to determine if they will have an impact on its consolidated financial statements.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2016
Assets Measured at Fair Value on Recurring Basis	The following summarizes assets and liabilities measured at fair value at March 31, 2016 and December 31, 2015. Assets Measured at Fair Value on a Recurring Basis Fair Value Measurements at Reporting Date Using: (Dollars in thousands) March 31, Quoted Prices in Significant Significant U.S. Treasury notes $ 35,192 $ — $ 35,192 $ — U.S. government-sponsored enterprise bonds 7,277 — 7,277 — Mortgage-backed securities 78,130 — 78,130 — Municipal bonds 8,027 — 8,027 — Other bonds and debentures 41,367 — 41,367 — Equity securities 297 297 — — Interest rate lock commitments 104 — — 104 Totals $ 170,394 $ 297 $ 169,993 $ 104 (Dollars in thousands) December 31, Quoted Prices in Significant Significant U.S. Treasury notes $ 34,939 $ — $ 34,939 $ — U.S. government-sponsored enterprise bonds 7,211 — 7,211 — Mortgage-backed securities 69,334 — 69,334 — Municipal bonds 8,304 — 8,304 — Other bonds and debentures 112 — 112 — Equity securities 298 298 — — Interest rate lock commitments 32 — — 32 Totals $ 120,230 $ 298 $ 119,900 $ 32
Liabilities Measured at Fair Value on Recurring Basis	Liabilities Measured at Fair Value on a Recurring Basis Fair Value Measurements at Reporting Date Using: (Dollars in thousands) March 31, Quoted Prices in Significant Significant Forward loan sale commitments $ 121 $ — $ — $ 121 $ 121 $ — $ — $ 121 Fair Value Measurements at Reporting Date Using: (Dollars in thousands) December 31, Quoted Prices in Significant Significant Forward loan sale commitments $ 14 $ — $ — $ 14 $ 14 $ — $ — $ 14
Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table presents the changes in Level 3 assets and liabilities that were measured at fair value on a recurring basis for the periods indicated: (Dollars in thousands) Forward Loan Sale Interest Rate Lock Three months ended March 31, 2016 Balance as of December 31, 2015 $ (14 ) $ 32 Realized (loss) gain recognized in non-interest income (107 ) 104 Transfers to loans held for sale — (32 ) Balance as of March 31, 2016 $ (121 ) $ 104 (Dollars in thousands) Forward Loan Sale Interest Rate Lock Three months ended March 31, 2015 Balance as of December 31, 2014 $ — $ — Realized (loss) gain recognized in non-interest income (128 ) 128 Transfers to loans held for sale — — Balance as of March 31, 2015 $ (128 ) $ 128
Assets Measured at Fair Value on Non-recurring Basis	Assets Measured at Fair Value on a Nonrecurring Basis Fair Value Measurements at Reporting Date Using: (Dollars in thousands) March 31, Quoted Prices in Significant Significant Impaired loans $ 1,575 $ — $ — $ 1,575 Mortgage servicing rights 2,177 — — 2,177 Other real estate owned 799 — — 799 $ 4,551 $ — $ — $ 4,551 (Dollars in thousands) December 31, Quoted Prices in Significant Significant Impaired loans $ 5,905 $ — $ — $ 5,905 Mortgage servicing rights 2,441 2,441 Other real estate owned 904 — — 904 $ 9,250 $ — $ — $ 9,250
Estimated Fair Values of Company's Financial Instruments	The estimated fair values of the Company’s financial instruments at March 31, 2016 and December 31, 2015, all of which are held or issued for purposes other than trading, were as follows: Fair Value Measurements at Reporting Date Using: (Dollars in thousands) March 31, 2016 Carrying Quoted Prices Significant Significant Total Financial assets: Cash and cash equivalents $ 38,667 $ 38,667 $ — $ — $ 38,667 Securities available-for-sale 170,290 297 169,993 — 170,290 Federal Home Loan Bank stock 12,203 12,203 — — 12,203 Loans held-for-sale 1,244 — 1,262 — 1,262 Loans, net 1,212,187 — — 1,218,958 1,218,958 Investment in unconsolidated subsidiaries 620 — — 492 492 Accrued interest receivable 3,664 3,664 — — 3,664 Interest rate lock commitments 104 — — 104 104 Financial liabilities: Deposits 1,141,486 — 1,142,798 — 1,142,798 Federal Home Loan Bank advances 203,350 — 204,347 — 204,347 Securities sold under agreements to repurchase 20,259 20,259 — — 20,259 Subordinated debentures 36,891 — — 33,291 33,291 Forward loan sale commitments 121 — — 121 121 Fair Value Measurements at Reporting Date Using (Dollars in thousands) December 31, 2015 Carrying Quoted Prices Significant Significant Total Financial assets: Cash and cash equivalents $ 42,566 $ 42,566 $ — $ — $ 42,566 Securities available-for-sale 120,198 298 119,900 — 120,198 Federal Home Loan Bank stock 9,963 9,963 — — 9,963 Loans held-for-sale 2,188 — 2,202 — 2,202 Loans, net 1,217,461 — — 1,215,166 1,215,166 Investment in unconsolidated subsidiaries 620 — — 349 349 Accrued interest receivable 2,431 2,431 — — 2,431 Interest rate lock commitments 32 — — 32 32 Financial liabilities: Deposits 1,157,352 — 1,157,080 — 1,157,080 Federal Home Loan Bank advances 150,000 — 150,312 — 150,312 Securities sold under agreements to repurchase 17,957 17,957 — — 17,957 Subordinated debentures 36,873 — — 27,983 27,983 Forward loan sale commitments 14 — — 14 14

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2016
Amortized Cost basis of Securities Available-for-Sale and Approximate Fair Values	The amortized cost basis of securities available-for-sale and their approximate fair values at March 31, 2016 and December 31, 2015 are summarized as follows: (Dollars in thousands) March 31, 2016 Amortized Gross Gross Fair Value Bonds and notes U.S. Treasury notes $ 35,257 $ — $ 65 $ 35,192 U.S. government-sponsored enterprise bonds 7,290 1 14 7,277 Mortgage-backed securities 77,833 395 98 78,130 Municipal bonds 8,045 82 100 8,027 Other bonds and debentures 40,298 1,074 5 41,367 Equity securities 258 48 9 297 Total available-for-sale $ 168,981 $ 1,600 $ 291 $ 170,290 (Dollars in thousands) December 31, 2015 Amortized Gross Gross Fair Value Bonds and notes U.S. Treasury notes $ 35,282 $ — $ 343 $ 34,939 U.S. government-sponsored enterprise bonds 7,305 1 95 7,211 Mortgage-backed securities 70,169 14 849 69,334 Municipal bonds 8,418 34 148 8,304 Other bonds and debentures 108 4 — 112 Equity securities 258 49 9 298 Total available-for-sale $ 121,540 $ 102 $ 1,444 $ 120,198
Maturities of Debt Securities, Excluding Mortgage-Backed Securities	Maturities of debt securities, excluding mortgage-backed securities, classified as available-for-sale are as follows as of March 31, 2016: (Dollars in thousands) Fair Value Other bonds and debentures $ 80 Total due in less than one year $ 80 U.S. Treasury notes $ 35,192 U.S. government-sponsored enterprise bonds 6,990 Municipal bonds 6,082 Total due after one year through five years $ 48,264 U.S. government-sponsored enterprise bonds $ 131 Municipal bonds 735 Other bonds and debentures 41,267 Total due after five years through ten years $ 42,133 U.S. government-sponsored enterprise bonds $ 156 Municipal bonds 1,210 Other bonds and debentures 20 Total due after ten years $ 1,386

Other-Than-Temporary Impairme28

Other-Than-Temporary Impairment Losses (Tables)	3 Months Ended
	Mar. 31, 2016
Aggregate Fair Value and Unrealized Losses of Securities that have been in Continuous Unrealized-Loss Position	The aggregate fair value and unrealized losses of securities that have been in a continuous unrealized loss position for less than 12 months and for 12 months or more, and are not other-than-temporarily impaired, are as follows as of the dates indicated: Less than 12 Months 12 Months or Longer Total (Dollars in thousands) Fair Unrealized Fair Unrealized Fair Unrealized March 31, 2016: Bonds and notes— U.S. Treasury notes $ 24,963 $ 52 $ 10,229 $ 13 $ 35,192 $ 65 U.S. Government-sponsored enterprise bonds 2,992 9 156 5 3,148 14 Mortgage-backed securities 5,214 15 11,148 83 16,362 98 Municipal bonds — — 2,785 100 2,785 100 Other bonds and debentures 80 5 — — 80 5 Equity securities 55 9 — — 55 9 Total temporarily impaired securities $ 33,304 $ 90 $ 24,318 $ 201 $ 57,622 $ 291 December 31, 2015: Bonds and notes— U.S. Treasury notes $ 24,817 $ 199 $ 10,122 $ 144 $ 34,939 $ 343 U.S. Government-sponsored enterprise bonds 2,967 33 4,101 62 7,068 95 Mortgage-backed securities 56,351 592 11,681 257 68,032 849 Municipal bonds 1,420 38 2,208 110 3,628 148 Equity securities 53 9 — — 53 9 Total temporarily impaired securities $ 85,608 $ 871 $ 28,112 $ 573 $ 113,720 $ 1,444

Loan Portfolio (Tables)

Loan Portfolio (Tables)	3 Months Ended
	Mar. 31, 2016
Loans Receivable	Loans receivable consisted of the following as of the dates indicated: March 31, 2016 (Dollars in thousands) Originated Acquired Total Real estate loans: Conventional $ 604,360 $ 40,561 $ 644,921 Home equity 66,755 5,307 72,062 Commercial 272,322 61,930 334,252 Construction 20,301 1,238 21,539 963,738 109,036 1,072,774 Commercial and municipal loans 128,980 8,838 137,818 Consumer loans 5,060 970 6,030 Total loans 1,097,778 118,844 1,216,622 Allowance for loan losses (8,423 ) (272 ) (8,695 ) Deferred loan origination costs, net 4,260 — 4,260 Loans receivable, net $ 1,093,615 $ 118,572 $ 1,212,187 December 31, 2015 (Dollars in thousands) Originated Acquired Total Real estate loans: Conventional $ 600,763 $ 41,895 $ 642,658 Home equity 66,708 5,547 72,255 Commercial 259,834 63,434 323,268 Construction 33,663 1,255 34,918 960,968 112,131 1,073,099 Commercial and municipal loans 133,596 8,925 142,521 Consumer loans 5,411 1,077 6,488 Total loans 1,099,975 122,133 1,222,108 Allowance for loan losses (8,607 ) (298 ) (8,905 ) Deferred loan origination costs, net 4,258 — 4,258 Loans receivable, net $ 1,095,626 $ 121,835 $ 1,217,461
Allowance for Loan Losses by Portfolio Segment	The following tables set forth information regarding the allowance for loan losses by portfolio segment as of and for the periods ending on the dates indicated: Real Estate (Dollars in thousands) March 31, 2016 Conventional Commercial Construction Commercial Consumer Unallocated Total Allowance for loan losses: Originated: Beginning balance, December 31, 2015 $ 4,197 $ 2,884 $ 197 $ 1,199 $ 68 $ 62 $ 8,607 Charge-offs (74 ) (243 ) — (20 ) (88 ) — (425 ) Recoveries 7 — — 10 67 — 84 Provision (benefit) 238 163 (93 ) (225 ) 11 63 157 Ending balance, March 31, 2016 $ 4,368 $ 2,804 $ 104 $ 964 $ 58 $ 125 $ 8,423 Acquired: Beginning balance, December 31, 2015 $ 63 $ 190 $ 21 $ 24 $ — $ — $ 298 Charge-offs — — — — (1 ) — (1 ) Recoveries 19 — — 1 1 — 21 (Benefit) provision (57 ) 22 (4 ) (7 ) — — (46 ) Ending balance, March 31, 2016 $ 25 $ 212 $ 17 $ 18 $ — $ — $ 272 Originated: Individually evaluated for impairment $ 117 $ 111 $ — $ — $ — $ — $ 228 Collectively evaluated for impairment 4,251 2,693 104 964 58 125 8,195 Acquired: Discounts related to credit quality 25 212 17 18 — — 272 Total allowance for loan losses ending balance, March 31, 2016 $ 4,393 $ 3,016 $ 121 $ 982 $ 58 $ 125 $ 8,695 Loans: Originated: Individually evaluated for impairment $ 5,320 $ 4,528 $ 437 $ 184 $ — $ — $ 10,469 Collectively evaluated for impairment 665,795 267,794 19,864 128,796 5,060 — 1,087,309 Acquired loans (Discounts related to Credit Quality) 45,868 61,930 1,238 8,838 970 — 118,844 Total loans ending balance, March 31, 2016 $ 716,983 $ 334,252 $ 21,539 $ 137,818 $ 6,030 $ — $ 1,216,622 Real Estate (Dollars in thousands) March 31, 2015 Conventional Commercial Construction Commercial Consumer Unallocated Total Allowance for loan losses: Originated: Beginning balance, December 31, 2014 $ 4,763 $ 2,724 $ 991 $ 635 $ 86 $ 70 $ 9,269 Charge-offs (135 ) — — (247 ) (66 ) — (448 ) Recoveries 5 — — 6 51 — 62 (Benefit) provision (52 ) (392 ) 113 151 5 380 205 Ending balance, March 31, 2015 $ 4,581 $ 2,332 $ 1,104 $ 545 $ 76 $ 450 $ 9,088 Acquired: Beginning balance, December 31, 2014 $ — $ — $ — $ — $ — $ — $ — Charge-offs — — — — — — — Recoveries — — — — — — — Provision (benefit) — — — — — — — Ending balance, March 31, 2015 $ — $ — $ — $ — $ — $ — $ — Originated: Individually evaluated for impairment $ 150 $ 3 $ — $ — $ — $ — $ 153 Collectively evaluated for impairment 4,431 2,329 1,104 545 76 450 8,935 Acquired loans (Discounts related to Credit Quality) — — — — — — — Total allowance for loan losses ending balance, March 31, 2015 $ 4,581 $ 2,332 $ 1,104 $ 545 $ 76 $ 450 $ 9,088 Loans: Originated: Individually evaluated for impairment $ 5,722 $ 5,613 $ 455 $ 661 $ — $ — $ 12,451 Collectively evaluated for impairment 638,762 235,686 37,981 120,110 6,790 — 1,039,329 Acquired loans (Discounts related to Credit Quality) 59,543 71,226 1,425 12,257 1,513 — 145,964 Total loans ending balance, March 31, 2015 $ 704,027 $ 312,525 $ 39,861 $ 133,028 $ 8,303 $ — $ 1,197,744 Real Estate (Dollars in thousands) December 31, 2015 Conventional Commercial Construction Commercial Consumer Unallocated Total Allowance for loan losses: Originated: Individually evaluated for impairment $ 200 $ 133 $ 15 $ 7 $ — $ — $ 355 Collectively evaluated for impairment 3,997 2,751 182 1,192 68 62 8,252 Acquired loans (Discounts related to Credit Quality) 63 190 21 24 — — 298 Total allowance for loan losses ending balance, December 31, 2015 $ 4,260 $ 3,074 $ 218 $ 1,223 $ 68 $ 62 $ 8,905 Loans: Originated: Individually evaluated for impairment $ 6,707 $ 5,078 $ 442 $ 732 $ — $ — $ 12,959 Collectively evaluated for impairment 660,764 254,756 33,221 132,864 5,411 — 1,087,016 Acquired loans (Discounts related to Credit Quality) 47,442 63,434 1,255 8,925 1,077 — 122,133 Total loans ending balance, December 31, 2015 $ 714,913 $ 323,268 $ 34,918 $ 142,521 $ 6,488 $ — $ 1,222,108
Nonaccrual Loans and Past-due Loans	The following tables set forth information regarding nonaccrual loans and past-due loans as of the dates indicated: March 31, 2016 (Dollars in thousands) 30-59 Days 60-89 Days 90 Days or Total Past Nonaccrual Originated: Real estate: Conventional $ 3,984 $ 149 $ 815 $ 4,948 $ 2,121 Home equity 15 — 125 140 131 Commercial 90 591 960 1,641 2,323 Construction — — — — — Commercial and municipal 37 59 90 186 106 Consumer (including credit card) 26 — — 26 — Total $ 4,152 $ 799 $ 1,990 $ 6,941 $ 4,681 Acquired: Real estate: Conventional $ 1,087 $ 94 $ 178 $ 1,359 $ 190 Home equity 42 — — 42 — Commercial 381 — 617 998 617 Construction — — — — — Commercial and municipal 62 — — 62 — Consumer (including credit card) 19 — — 19 — Total $ 1,591 $ 94 $ 795 $ 2,480 $ 807 December 31, 2015 (Dollars in thousands) 30-59 Days 60-89 Days 90 Days or Total Past Nonaccrual Originated: Real estate: Conventional $ 1,644 $ 1,309 $ 1,454 $ 4,407 $ 2,310 Home equity 180 — 166 346 166 Commercial 1,028 482 309 1,819 1,565 Construction 24 — — 24 — Commercial and municipal 89 50 584 723 584 Consumer (including credit card) 16 7 — 23 — Total $ 2,981 $ 1,848 $ 2,513 $ 7,342 $ 4,625 Acquired: Real estate: Conventional $ 514 $ 238 $ 654 $ 1,406 $ 707 Home equity 12 — 17 29 17 Commercial 386 — 677 1,063 677 Construction — — — — — Commercial and municipal 5 — — 5 — Consumer (including credit card) 6 12 — 18 — Total $ 923 $ 250 $ 1,348 $ 2,521 $ 1,401
Troubled Debt Restructuring	The following tables present the recorded investment in troubled debt restructured (“TDR”) loans as of March 31, 2016 and December 31, 2015 based on payment performance status: March 31, 2016 Real Estate (Dollars in thousands) Conventional Commercial Construction Commercial Total Performing $ 3,273 $ 2,737 $ 437 $ 92 $ 6,539 Non-performing 1,318 383 — 16 1,717 Total $ 4,591 $ 3,120 $ 437 $ 108 $ 8,256 December 31, 2015 Real Estate (Dollars in thousands) Conventional Commercial Construction Commercial Total Performing $ 3,506 $ 2,836 $ 442 $ 149 $ 6,933 Non-performing 1,160 285 — — 1,445 Total $ 4,666 $ 3,121 $ 442 $ 149 $ 8,378
Pre-Modification Balance Information on how Loans were Modified as TDRs	The following table presents pre-modification balance information on how loans were modified as TDRs during the three months ended March 31, 2016: (Dollars in thousands) Interest Combination of Total Real estate: Commercial $ 45 $ 193 $ 238 Total TDRs $ 45 $ 193 $ 238 The following table presents pre-modification balance information on how loans were modified as TDRs during the three months ended March 31, 2015: (Dollars in thousands) Extended Combination of Combination of Interest Rate Total Real estate: Conventional $ 80 $ 160 $ 243 $ — $ 483 Commercial and municipal — — — 7 7 Total TDRs $ 80 $ 160 $ 243 $ 7 $ 490
Summary of Troubled Debt Restructurings that Occurred During Periods	The following table summarizes TDRs that occurred during the periods indicated: (Dollars in thousands) Number of Pre-Modification Post-Modification March 31, 2016: Troubled Debt Restructurings: Real estate: Commercial 2 $ 238 $ 238 2 $ 238 $ 238 (Dollars in thousands) Number of Pre-Modification Post-Modification March 31, 2015: Troubled Debt Restructurings: Real estate: Conventional 3 $ 483 $ 483 Commercial and municipal 1 7 7 4 $ 490 $ 490
Loans that Meet Definition of Impaired Loan	Information about loans that meet the definition of an impaired loan in ASC 310-10-35, “Receivables-Overall-Subsequent Measurement,” is as follows as of March 31, 2016: (Dollars in thousands) Recorded Unpaid Related With no related allowance recorded: Real estate: Conventional $ 4,356 $ 5,107 $ — Home equity 148 242 — Commercial 3,595 4,314 — Construction 437 471 — Commercial and municipal 129 131 — Total impaired with no related allowance 8,665 10,265 — With an allowance recorded: Real estate: Conventional 816 841 117 Commercial 933 935 111 Commercial and municipal 55 58 1 Total impaired with an allowance recorded 1,804 1,834 229 Total: Real estate: Conventional 5,172 5,948 117 Home equity 148 242 — Commercial 4,528 5,249 111 Construction 437 471 — Commercial and municipal 184 189 1 Total impaired loans $ 10,469 $ 12,099 $ 229 Information about loans that meet the definition of an impaired loan in ASC 310-10-35 is as follows as of December 31, 2015: (Dollars in thousands) Recorded Unpaid Related With no related allowance recorded: Real estate: Conventional $ 3,175 $ 3,895 $ — Home equity 213 340 — Commercial 2,589 3,028 — Construction — — — Commercial and municipal 691 696 — Total impaired with no related allowance 6,668 7,959 — With an allowance recorded: Real estate: Conventional $ 3,319 $ 3,548 $ 231 Commercial 2,489 2,546 133 Construction 442 476 15 Commercial and municipal 41 42 7 Total impaired with an allowance recorded 6,291 6,612 386 Total: Real estate: Conventional 6,494 7,443 231 Home equity 213 340 — Commercial 5,078 5,574 133 Construction 442 476 15 Commercial and municipal 732 738 7 Total impaired loans $ 12,959 $ 14,571 $ 386
Summary of Average Recorded Investment and Interest Income Recognized	The following is a summary of the average recorded investment and interest income recognized on impaired loans for the three months ended March 31, 2016 and 2015: Three months ended March 31, 2016 Three months ended March 31, 2015 (Dollars in thousands) Average Interest Average Interest With no related allowance recorded: Real estate: Conventional $ 4,483 $ 37 $ 4,959 $ 46 Home equity 169 1 181 — Commercial 3,872 39 5,741 52 Construction 439 5 1,006 13 Commercial and municipal 161 1 672 2 Total impaired with no related allowance 9,124 83 12,559 113 With an allowance recorded: Real estate: Conventional 820 8 776 5 Commercial 937 10 203 1 Commercial and municipal 57 1 — — Total impaired with an allowance recorded 1,814 19 979 6 Total: Real estate: Conventional 5,303 45 5,735 51 Home equity 169 1 181 — Commercial 4,809 49 5,944 53 Construction 439 5 1,006 13 Commercial and municipal 218 2 672 2 Total impaired loans $ 10,938 $ 102 $ 13,538 $ 119
Accretable Yield Purchased Credit Impaired Loans	The following table presents the Company’s activity in the accretable yield for the purchased credit impaired loans for the periods indicated: (Dollars in thousands) Three months ended Three months ended Accretable yield at the beginning of the period $ 2,213 $ 2,125 Reclassification from nonaccretable difference for loans with improved cash flows 13 — Accretion (36 ) (43 ) Change in cash flows that do not affect nonaccretable difference (251 ) — Accretable yield at the end of the period $ 1,939 $ 2,082
Company's Loans by Risk Ratings	The following tables present the Company’s loans by risk ratings as of the dates indicated: March 31, 2016 Real Estate (Dollars in thousands) Conventional Commercial Construction Commercial Consumer Total Originated: Grade: Pass $ — $ 236,028 $ 7,647 $ 108,592 $ — $ 352,267 Special mention — 4,254 14 108 — 4,376 Substandard 5,194 9,960 560 407 — 16,121 Loans not formally rated 665,921 22,080 12,080 19,873 5,060 725,014 Total $ 671,115 $ 272,322 $ 20,301 $ 128,980 $ 5,060 $ 1,097,778 Acquired: Grade: Pass $ — $ 54,739 $ 1,035 $ 7,963 $ — $ 63,737 Special mention — 1,684 — — — 1,684 Substandard 598 4,037 92 492 — 5,219 Loans not formally rated 45,270 1,470 111 383 970 48,204 Total $ 45,868 $ 61,930 $ 1,238 $ 8,838 $ 970 $ 118,844 December 31, 2015 Real Estate: (Dollars in thousands) Conventional and Commercial Construction Commercial and Consumer Total Originated: Grade: Pass $ — $ 222,466 $ 19,208 $ 111,653 $ — $ 353,327 Special mention — 4,278 18 112 — 4,408 Substandard 5,272 7,670 567 416 — 13,925 Loans not formally rated 662,199 25,420 13,870 21,415 5,411 728,315 Total $ 667,471 $ 259,834 $ 33,663 $ 133,596 $ 5,411 $ 1,099,975 Acquired: Grade: Pass $ — $ 56,212 $ 1,047 $ 8,031 $ — $ 65,290 Special mention — 1,643 — — — 1,643 Substandard 1,038 4,097 92 509 — 5,736 Loans not formally rated 46,404 1,482 116 385 1,077 49,464 Total $ 47,442 $ 63,434 $ 1,255 $ 8,925 $ 1,077 $ 122,133
Analysis of Aggregate Changes in Valuation Allowances for Capitalized Servicing Rights	Following table is an analysis of the aggregate changes in the valuation allowance for capitalized servicing rights during the periods indicated: Three months ended March 31, (Dollars in thousands) 2016 2015 Balance, beginning of period $ 73 $ 19 Increase 125 44 Balance, end of period $ 198 $ 63

Securities Sold Under Agreeme30

Securities Sold Under Agreements to Repurchase (Tables)	3 Months Ended
	Mar. 31, 2016
Short-term Collateralized Financing Obtained through Repurchase Agreements and Related Collateral	The following table represents the Company’s short-term collateralized financing obtained through repurchase agreements and the related collateral pledged as of the periods indicated: (Dollars in thousands) March 31, December 31, Repurchase agreements collateral U.S. Treasury notes $ 2,423 $ 20,973 U.S. government-sponsored enterprise bonds 452 414 Mortgage-backed securities 19,079 2,896 Municipal bonds 735 729 Total $ 22,689 $ 25,012 Repurchase agreements $ 20,259 $ 17,957

Pension Benefits (Tables)

Pension Benefits (Tables)	3 Months Ended
	Mar. 31, 2016
Net Periodic Pension Cost	The following summarizes the net periodic pension cost for the periods indicated: Three months ended March 31, (Dollars in thousands) 2016 2015 Interest cost $ 31 $ 93 Expected return on plan assets (63 ) (160 ) Amortization of unrecognized net loss 32 89 Net periodic pension cost $ — $ 22

Derivative Instruments and He32

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Values of Derivative Instruments	The following table summarizes the fair values of derivative instruments in the consolidated balance sheet as of the periods indicated: (Dollars in thousands) March 31, 2016 Notional Fair Value Interest rate lock commitments $ 9,550 $ 104 Forward loan sale commitments $ 13,027 $ (121 ) (Dollars in thousands) December 31, 2015 Notional Fair Value Interest rate lock commitments $ 4,623 $ 32 Forward loan sale commitments $ 5,135 $ (14 )

Earnings Per Share ("EPS") (Tab

Earnings Per Share ("EPS") (Tables)	3 Months Ended
	Mar. 31, 2016
Basic and Diluted Earnings Per Common Share	The following is a reconciliation of the numerators and denominators used in the calculation of Basic and Diluted EPS for the three months ended March 31, 2016 and 2015: (Dollars in thousands, except per share data) For the three months 2016 2015 Net income as reported $ 2,469 $ 2,303 Cumulative preferred stock dividend earned — (20 ) Dividends and undistributed earnings allocated to participating shares (28 ) — Net income applicable to common stock $ 2,441 $ 2,283 Weighted average common shares outstanding for basic EPS 8,286,289 8,261,383 Effect of dilutive equity-based awards 4,695 14,307 Weighted average common shares outstanding for dilutive EPS 8,290,984 8,275,690 Earnings per common share – basic $ 0.29 $ 0.28 Earnings per common share – diluted $ 0.29 $ 0.28

Accumulated Other Comprehensi34

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2016
Accumulated Other Comprehensive Loss	Accumulated other comprehensive loss consists of the following: As of (Dollars in thousands) March 31, December 31, Net unrealized holding gain (loss) on available-for-sale securities, net of tax $ 791 $ (810 ) Unrecognized net actuarial loss, defined benefit pension plan, net of tax (3,040 ) (3,040 ) Accumulated other comprehensive loss $ (2,249 ) $ (3,850 )
Reclassification Disclosure of Other Comprehensive Income	Reclassification disclosures for the periods ended March 31, 2016 and 2015 follow: For the three months ended March 31, (Dollars in thousands) 2016 2015 Net unrealized holding gains on available-for-sale securities $ 2,651 $ 777 Reclassification adjustment for realized gains in net income (1) — (373 ) Other comprehensive income before income tax effect 2,651 404 Income tax expense (1,050 ) (160 ) Other comprehensive income, net of tax effect $ 1,601 $ 244 (1) Reclassification adjustments are comprised of realized securities gains. The gains have been reclassified out of accumulated other comprehensive loss and have affected certain lines in the condensed consolidated statements of income as follows: the pre-tax amounts are included in gain on sales of securities, net, the tax expense in the amount of $148 thousand for the three months ended March 31, 2015 is included in provision for income taxes and the after tax amounts are included in net income.

Operating Segments (Tables)

Operating Segments (Tables)	3 Months Ended
	Mar. 31, 2016
Summary of Operating Segments	A summary of the Company’s operating segments is as follows: (Dollars in thousands) Banking Wealth Holding Eliminations Total Three Months Ended March 31, 2016 Net interest and dividend income (expense) $ 11,031 $ 4 $ (472 ) $ — $ 10,563 Provision for loan losses 111 — — — 111 Noninterest income 2,722 2,070 2,868 (3,079 ) 4,581 Noninterest expense 9,613 1,778 175 (24 ) 11,542 Income before provision for income taxes 4,029 296 2,221 (3,055 ) 3,491 Provision (benefit) for income taxes 1,161 109 (248 ) — 1,022 Net income $ 2,868 $ 187 $ 2,469 $ (3,055 ) $ 2,469 Total Assets $ 1,564,213 $ 22,843 $ 176,355 $ (200,180 ) $ 1,563,231 (Dollars in thousands) Banking Wealth Holding Eliminations Total Three Months Ended March 31, 2015 Net interest and dividend income (expense) $ 10,683 $ 7 $ (457 ) $ — $ 10,233 Provision for loan losses 205 — — — 205 Noninterest income 2,695 2,061 734 (734 ) 4,756 Noninterest expense 9,397 1,780 236 — 11,413 Income before provision for income taxes 3,776 288 41 (734 ) 3,371 Provision (benefit) for income taxes 1,223 107 (262 ) — 1,068 Net income $ 2,553 $ 181 $ 303 $ (734 ) $ 2,303 Total Assets $ 1,466,835 $ 18,811 $ 175,186 $ (173,709 ) $ 1,487,123

Nature of Operations - Addition

Nature of Operations - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016LocationSegmentEntity
Organization And Nature Of Business [Line Items]
Number of wholly owned subsidiaries | Entity	4
Number of reportable segments | Segment	3
New Hampshire in Grafton, Hillsborough, Merrimack and Sullivan counties
Organization And Nature Of Business [Line Items]
Number of Locations operated through direct and indirect subsidiaries	26
Vermont in Orange, Rutland and Windsor counties
Organization And Nature Of Business [Line Items]
Number of Locations operated through direct and indirect subsidiaries	14

Assets Measured at Fair Value o

Assets Measured at Fair Value on Recurring Basis (Detail) - Fair value on recurring basis - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Assets measured at fair value on a recurring basis
Fair Value Assets, Total	$ 170,394	$ 120,230
US Treasury notes
Assets measured at fair value on a recurring basis
Fair Value Assets, Total	35,192	34,939
U.S. Government-sponsored enterprise bonds
Assets measured at fair value on a recurring basis
Fair Value Assets, Total	7,277	7,211
Mortgage-backed securities
Assets measured at fair value on a recurring basis
Fair Value Assets, Total	78,130	69,334
Municipal bonds
Assets measured at fair value on a recurring basis
Fair Value Assets, Total	8,027	8,304
Other bonds and debentures
Assets measured at fair value on a recurring basis
Fair Value Assets, Total	41,367	112
Equity securities
Assets measured at fair value on a recurring basis
Fair Value Assets, Total	297	298
Interest Rate Lock Commitments
Assets measured at fair value on a recurring basis
Fair Value Assets, Total	104	32
Quoted Prices in Active Markets for Identical Assets Level 1
Assets measured at fair value on a recurring basis
Fair Value Assets, Total	297	298
Quoted Prices in Active Markets for Identical Assets Level 1 | Equity securities
Assets measured at fair value on a recurring basis
Fair Value Assets, Total	297	298
Significant Other Observable Inputs Level 2
Assets measured at fair value on a recurring basis
Fair Value Assets, Total	169,993	119,900
Significant Other Observable Inputs Level 2 | US Treasury notes
Assets measured at fair value on a recurring basis
Fair Value Assets, Total	35,192	34,939
Significant Other Observable Inputs Level 2 | U.S. Government-sponsored enterprise bonds
Assets measured at fair value on a recurring basis
Fair Value Assets, Total	7,277	7,211
Significant Other Observable Inputs Level 2 | Mortgage-backed securities
Assets measured at fair value on a recurring basis
Fair Value Assets, Total	78,130	69,334
Significant Other Observable Inputs Level 2 | Municipal bonds
Assets measured at fair value on a recurring basis
Fair Value Assets, Total	8,027	8,304
Significant Other Observable Inputs Level 2 | Other bonds and debentures
Assets measured at fair value on a recurring basis
Fair Value Assets, Total	41,367	112
Significant Unobservable Inputs Level 3
Assets measured at fair value on a recurring basis
Fair Value Assets, Total	104	32
Significant Unobservable Inputs Level 3 | Interest Rate Lock Commitments
Assets measured at fair value on a recurring basis
Fair Value Assets, Total	$ 104	$ 32

Liabilities Measured at Fair Va

Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Liabilities measured at fair value on a recurring basis
Forward loan sale commitments, liability	$ 121	$ 14
Fair value on recurring basis
Liabilities measured at fair value on a recurring basis
Forward loan sale commitments, liability	121	14
Fair Value Liabilities, Total	121	14
Significant Unobservable Inputs Level 3
Liabilities measured at fair value on a recurring basis
Forward loan sale commitments, liability	121	14
Significant Unobservable Inputs Level 3 | Fair value on recurring basis
Liabilities measured at fair value on a recurring basis
Forward loan sale commitments, liability	121	14
Fair Value Liabilities, Total	$ 121	$ 14

Changes in Level 3 Assets and L

Changes in Level 3 Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - Fair value on recurring basis - Significant Unobservable Inputs Level 3 - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Forward loan sale commitments
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	$ (14)
Realized (loss) gain recognized in non-interest income	(107)	$ (128)
Balance as of March 31, 2015	(121)	(128)
Interest Rate Lock Commitments
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	32
Realized (loss) gain recognized in non-interest income	104	128
Transfers to loans held for sale	(32)
Balance as of March 31, 2015	$ 104	$ 128

Financial Instruments Measured

Financial Instruments Measured at Fair Value on Non-recurring Basis (Detail) - Fair value on nonrecurring basis - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 1,575	$ 5,905
Mortgage servicing rights	2,177	2,441
Other real estate owned	799	904
Totals	4,551	9,250
Significant Unobservable Inputs Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	1,575	5,905
Mortgage servicing rights	2,177	2,441
Other real estate owned	799	904
Totals	$ 4,551	$ 9,250

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Valuation allowance	$ 229	$ 386
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount for appraisal of Collateral dependent loans	25.00%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount for appraisal of Collateral dependent loans	40.00%
Using the fair value of the collateral
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans and leases recorded investment		6,300
Valuation allowance		$ 386
Discounted Cash Flows Valuation Technique
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans and leases recorded investment	$ 1,800
Valuation allowance	$ 229

Estimated Fair Values of Compan

Estimated Fair Values of Company's Financial Instruments (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Financial assets:
Securities available-for-sale	$ 170,290	$ 120,198
Interest rate lock commitments	104	32
Financial liabilities:
Forward loan sale commitments	121	14
Quoted Prices in Active Markets for Identical Assets Level 1
Financial assets:
Cash and cash equivalents	38,667	42,566
Securities available-for-sale	297	298
Federal Home Loan Bank stock	12,203	9,963
Accrued interest receivable	3,664	2,431
Financial liabilities:
Securities sold under agreements to repurchase	20,259	17,957
Significant Other Observable Inputs Level 2
Financial assets:
Securities available-for-sale	169,993	119,900
Loans held-for-sale	1,262	2,202
Financial liabilities:
Deposits	1,142,798	1,157,080
Federal Home Loan Bank advances	204,347	150,312
Significant Unobservable Inputs Level 3
Financial assets:
Loans, net	1,218,958	1,215,166
Investment in unconsolidated subsidiaries	492	349
Interest rate lock commitments	104	32
Financial liabilities:
Subordinated debentures	33,291	27,983
Forward loan sale commitments	121	14
Carrying Value
Financial assets:
Cash and cash equivalents	38,667	42,566
Securities available-for-sale	170,290	120,198
Federal Home Loan Bank stock	12,203	9,963
Loans held-for-sale	1,244	2,188
Loans, net	1,212,187	1,217,461
Investment in unconsolidated subsidiaries	620	620
Accrued interest receivable	3,664	2,431
Interest rate lock commitments	104	32
Financial liabilities:
Deposits	1,141,486	1,157,352
Federal Home Loan Bank advances	203,350	150,000
Securities sold under agreements to repurchase	20,259	17,957
Subordinated debentures	36,891	36,873
Forward loan sale commitments	121	14
Fair Value
Financial assets:
Cash and cash equivalents	38,667	42,566
Securities available-for-sale	170,290	120,198
Federal Home Loan Bank stock	12,203	9,963
Loans held-for-sale	1,262	2,202
Loans, net	1,218,958	1,215,166
Investment in unconsolidated subsidiaries	492	349
Accrued interest receivable	3,664	2,431
Interest rate lock commitments	104	32
Financial liabilities:
Deposits	1,142,798	1,157,080
Federal Home Loan Bank advances	204,347	150,312
Securities sold under agreements to repurchase	20,259	17,957
Subordinated debentures	33,291	27,983
Forward loan sale commitments	$ 121	$ 14

Amortized Cost Basis of Securit

Amortized Cost Basis of Securities Available-for-Sale and Approximate Fair Values (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost Basis	$ 168,981	$ 121,540
Gross Unrealized Gains	1,600	102
Gross Unrealized Losses	291	1,444
Fair Value	170,290	120,198
US Treasury notes
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost Basis	35,257	35,282
Gross Unrealized Losses	65	343
Fair Value	35,192	34,939
U.S. Government-sponsored enterprise bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost Basis	7,290	7,305
Gross Unrealized Gains	1	1
Gross Unrealized Losses	14	95
Fair Value	7,277	7,211
Mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost Basis	77,833	70,169
Gross Unrealized Gains	395	14
Gross Unrealized Losses	98	849
Fair Value	78,130	69,334
Municipal bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost Basis	8,045	8,418
Gross Unrealized Gains	82	34
Gross Unrealized Losses	100	148
Fair Value	8,027	8,304
Other bonds and debentures
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost Basis	40,298	108
Gross Unrealized Gains	1,074	4
Gross Unrealized Losses	5
Fair Value	41,367	112
Equity securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost Basis	258	258
Gross Unrealized Gains	48	49
Gross Unrealized Losses	9	9
Fair Value	$ 297	$ 298

Maturities of Debt Securities E

Maturities of Debt Securities Excluding Mortgage-Backed Securities (Detail) $ in Thousands	Mar. 31, 2016USD ($)
Schedule of Available-for-sale Securities [Line Items]
Total due in less than one year	$ 80
Total due after one year through five years	48,264
Total due after five years through ten years	42,133
Total due after ten years	1,386
Other bonds and debentures
Schedule of Available-for-sale Securities [Line Items]
Total due in less than one year	80
Total due after five years through ten years	41,267
Total due after ten years	20
Municipal bonds
Schedule of Available-for-sale Securities [Line Items]
Total due after one year through five years	6,082
Total due after five years through ten years	735
Total due after ten years	1,210
US Treasury notes
Schedule of Available-for-sale Securities [Line Items]
Total due after one year through five years	35,192
U.S. Government-sponsored enterprise bonds
Schedule of Available-for-sale Securities [Line Items]
Total due after one year through five years	6,990
Total due after five years through ten years	131
Total due after ten years	$ 156

Securities - Additional Informa

Securities - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Investment [Line Items]
Proceeds from sales of securities available-for-sale	$ 0	$ 35,600,000
Realized gross gains on sales proceeds		373,000
Provision for income taxes	1,022,000	1,068,000
Advances and securities sold under agreements to repurchase	$ 117,700,000		$ 119,800,000
Securities available-for-sale
Investment [Line Items]
Provision for income taxes		$ 148,000

Aggregate Fair Value and Unreal

Aggregate Fair Value and Unrealized Losses of Securities (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	$ 33,304	$ 85,608
Less Than 12 Months, Unrealized Losses	90	871
12 Months or Longer, Fair Value	24,318	28,112
12 Months or Longer, Unrealized Losses	201	573
Total Fair Value	57,622	113,720
Total Unrealized Losses	291	1,444
US Treasury notes
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	24,963	24,817
Less Than 12 Months, Unrealized Losses	52	199
12 Months or Longer, Fair Value	10,229	10,122
12 Months or Longer, Unrealized Losses	13	144
Total Fair Value	35,192	34,939
Total Unrealized Losses	65	343
U.S. Government-sponsored enterprise bonds
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	2,992	2,967
Less Than 12 Months, Unrealized Losses	9	33
12 Months or Longer, Fair Value	156	4,101
12 Months or Longer, Unrealized Losses	5	62
Total Fair Value	3,148	7,068
Total Unrealized Losses	14	95
Mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	5,214	56,351
Less Than 12 Months, Unrealized Losses	15	592
12 Months or Longer, Fair Value	11,148	11,681
12 Months or Longer, Unrealized Losses	83	257
Total Fair Value	16,362	68,032
Total Unrealized Losses	98	849
Municipal bonds
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value		1,420
Less Than 12 Months, Unrealized Losses		38
12 Months or Longer, Fair Value	2,785	2,208
12 Months or Longer, Unrealized Losses	100	110
Total Fair Value	2,785	3,628
Total Unrealized Losses	100	148
Equity securities
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	55	53
Less Than 12 Months, Unrealized Losses	9	9
Total Fair Value	55	53
Total Unrealized Losses	9	$ 9
Other bonds and debentures
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	80
Less Than 12 Months, Unrealized Losses	5
Total Fair Value	80
Total Unrealized Losses	$ 5

Loans Receivable (Detail)

Loans Receivable (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Real estate loans
Commercial and municipal loans	$ 137,818	$ 142,521
Consumer loans	6,030	6,488
Total loans	1,216,622	1,222,108	$ 1,197,744
Allowance for loan losses	(8,695)	(8,905)
Deferred loan origination costs, net	4,260	4,258
Loans receivable, net	1,212,187	1,217,461
Real Estate Commercial
Real estate loans
Total loans	334,252	323,268	312,525
Construction
Real estate loans
Total loans	21,539	34,918	39,861
Mortgage Loans on Real Estate
Real estate loans
Total loans	1,072,774	1,073,099
Mortgage Loans on Real Estate | Conventional
Real estate loans
Total loans	644,921	642,658
Mortgage Loans on Real Estate | Home Equity
Real estate loans
Total loans	72,062	72,255
Mortgage Loans on Real Estate | Real Estate Commercial
Real estate loans
Total loans	334,252	323,268
Mortgage Loans on Real Estate | Construction
Real estate loans
Total loans	21,539	34,918
Originated
Real estate loans
Commercial and municipal loans	128,980	133,596
Consumer loans	5,060	5,411
Total loans	1,097,778	1,099,975
Allowance for loan losses	(8,423)	(8,607)	(9,088)	$ (9,269)
Deferred loan origination costs, net	4,260	4,258
Loans receivable, net	1,093,615	1,095,626
Originated | Real Estate Commercial
Real estate loans
Total loans	272,322	259,834
Allowance for loan losses	(2,804)	(2,884)	(2,332)	(2,724)
Originated | Construction
Real estate loans
Total loans	20,301	33,663
Allowance for loan losses	(104)	(197)	$ (1,104)	$ (991)
Originated | Mortgage Loans on Real Estate
Real estate loans
Total loans	963,738	960,968
Originated | Mortgage Loans on Real Estate | Conventional
Real estate loans
Total loans	604,360	600,763
Originated | Mortgage Loans on Real Estate | Home Equity
Real estate loans
Total loans	66,755	66,708
Originated | Mortgage Loans on Real Estate | Real Estate Commercial
Real estate loans
Total loans	272,322	259,834
Originated | Mortgage Loans on Real Estate | Construction
Real estate loans
Total loans	20,301	33,663
Acquired
Real estate loans
Commercial and municipal loans	8,838	8,925
Consumer loans	970	1,077
Total loans	118,844	122,133
Allowance for loan losses	(272)	(298)
Loans receivable, net	118,572	121,835
Acquired | Real Estate Commercial
Real estate loans
Total loans	61,930	63,434
Allowance for loan losses	(212)	(190)
Acquired | Construction
Real estate loans
Total loans	1,238	1,255
Allowance for loan losses	(17)	(21)
Acquired | Mortgage Loans on Real Estate
Real estate loans
Total loans	109,036	112,131
Acquired | Mortgage Loans on Real Estate | Conventional
Real estate loans
Total loans	40,561	41,895
Acquired | Mortgage Loans on Real Estate | Home Equity
Real estate loans
Total loans	5,307	5,547
Acquired | Mortgage Loans on Real Estate | Real Estate Commercial
Real estate loans
Total loans	61,930	63,434
Acquired | Mortgage Loans on Real Estate | Construction
Real estate loans
Total loans	$ 1,238	$ 1,255

Information Regarding Allowance

Information Regarding Allowance for Loan Losses by Portfolio Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Loans:
Total loans	$ 1,216,622	$ 1,197,744	$ 1,222,108
Allowance for loan losses:
Beginning balance	8,905
(Benefit) provision	111	205
Ending balance	8,695
Total allowance for loan losses ending balance	8,695	9,088	8,905
Receivables Acquired with Deteriorated Credit Quality
Loans:
Acquired loans (Discounts related to Credit Quality)	118,844	145,964	122,133
Allowance for loan losses:
Acquired loans (discounts related to credit quality)	272		298
Originated
Loans:
Individually evaluated for impairment	10,469	12,451	12,959
Collectively evaluated for impairment	1,087,309	1,039,329	1,087,016
Total loans	1,097,778		1,099,975
Allowance for loan losses:
Beginning balance	8,607	9,269
Individually evaluated for impairment	228	153	355
Charge-offs	(425)	(448)
Collectively evaluated for impairment	8,195	8,935	8,252
Recoveries	84	62
(Benefit) provision	157	205
Ending balance	8,423	9,088
Acquired
Loans:
Total loans	118,844		122,133
Allowance for loan losses:
Beginning balance	298
Charge-offs	(1)
Recoveries	21
(Benefit) provision	(46)
Ending balance	272
Conventional and Home Equity Loan
Loans:
Total loans	716,983	704,027	714,913
Allowance for loan losses:
Total allowance for loan losses ending balance	4,393	4,581	4,260
Conventional and Home Equity Loan | Receivables Acquired with Deteriorated Credit Quality
Loans:
Acquired loans (Discounts related to Credit Quality)	45,868	59,543	47,442
Allowance for loan losses:
Acquired loans (discounts related to credit quality)	25		63
Conventional and Home Equity Loan | Originated
Loans:
Individually evaluated for impairment	5,320	5,722	6,707
Collectively evaluated for impairment	665,795	638,762	660,764
Total loans	671,115		667,471
Allowance for loan losses:
Beginning balance	4,197	4,763
Individually evaluated for impairment	117	150	200
Charge-offs	(74)	(135)
Collectively evaluated for impairment	4,251	4,431	3,997
Recoveries	7	5
(Benefit) provision	238	(52)
Ending balance	4,368	4,581
Conventional and Home Equity Loan | Acquired
Loans:
Total loans	45,868		47,442
Allowance for loan losses:
Beginning balance	63
Recoveries	19
(Benefit) provision	(57)
Ending balance	25
Real Estate Commercial
Loans:
Total loans	334,252	312,525	323,268
Allowance for loan losses:
Total allowance for loan losses ending balance	3,016	2,332	3,074
Real Estate Commercial | Receivables Acquired with Deteriorated Credit Quality
Loans:
Acquired loans (Discounts related to Credit Quality)	61,930	71,226	63,434
Allowance for loan losses:
Acquired loans (discounts related to credit quality)	212		190
Real Estate Commercial | Originated
Loans:
Individually evaluated for impairment	4,528	5,613	5,078
Collectively evaluated for impairment	267,794	235,686	254,756
Total loans	272,322		259,834
Allowance for loan losses:
Beginning balance	2,884	2,724
Individually evaluated for impairment	111	3	133
Charge-offs	(243)
Collectively evaluated for impairment	2,693	2,329	2,751
(Benefit) provision	163	(392)
Ending balance	2,804	2,332
Real Estate Commercial | Acquired
Loans:
Total loans	61,930		63,434
Allowance for loan losses:
Beginning balance	190
(Benefit) provision	22
Ending balance	212
Construction
Loans:
Total loans	21,539	39,861	34,918
Allowance for loan losses:
Total allowance for loan losses ending balance	121	1,104	218
Construction | Receivables Acquired with Deteriorated Credit Quality
Loans:
Acquired loans (Discounts related to Credit Quality)	1,238	1,425	1,255
Allowance for loan losses:
Acquired loans (discounts related to credit quality)	17		21
Construction | Originated
Loans:
Individually evaluated for impairment	437	455	442
Collectively evaluated for impairment	19,864	37,981	33,221
Total loans	20,301		33,663
Allowance for loan losses:
Beginning balance	197	991
Individually evaluated for impairment			15
Collectively evaluated for impairment	104	1,104	182
(Benefit) provision	(93)	113
Ending balance	104	1,104
Construction | Acquired
Loans:
Total loans	1,238		1,255
Allowance for loan losses:
Beginning balance	21
(Benefit) provision	(4)
Ending balance	17
Commercial and Municipal
Loans:
Total loans	137,818	133,028	142,521
Allowance for loan losses:
Total allowance for loan losses ending balance	982	545	1,223
Commercial and Municipal | Receivables Acquired with Deteriorated Credit Quality
Loans:
Acquired loans (Discounts related to Credit Quality)	8,838	12,257	8,925
Allowance for loan losses:
Acquired loans (discounts related to credit quality)	18		24
Commercial and Municipal | Originated
Loans:
Individually evaluated for impairment	184	661	732
Collectively evaluated for impairment	128,796	120,110	132,864
Total loans	128,980		133,596
Allowance for loan losses:
Beginning balance	1,199	635
Individually evaluated for impairment			7
Charge-offs	(20)	(247)
Collectively evaluated for impairment	964	545	1,192
Recoveries	10	6
(Benefit) provision	(225)	151
Ending balance	964	545
Commercial and Municipal | Acquired
Loans:
Total loans	8,838		8,925
Allowance for loan losses:
Beginning balance	24
Recoveries	1
(Benefit) provision	(7)
Ending balance	18
Consumer
Loans:
Total loans	6,030	8,303	6,488
Allowance for loan losses:
Total allowance for loan losses ending balance	58	76	68
Consumer | Receivables Acquired with Deteriorated Credit Quality
Loans:
Acquired loans (Discounts related to Credit Quality)	970	1,513	1,077
Consumer | Originated
Loans:
Collectively evaluated for impairment	5,060	6,790	5,411
Total loans	5,060		5,411
Allowance for loan losses:
Beginning balance	68	86
Charge-offs	(88)	(66)
Collectively evaluated for impairment	58	76	68
Recoveries	67	51
(Benefit) provision	11	5
Ending balance	58	76
Consumer | Acquired
Loans:
Total loans	970		1,077
Allowance for loan losses:
Charge-offs	(1)
Recoveries	1
Unallocated Financing Receivables
Allowance for loan losses:
Total allowance for loan losses ending balance	125	450	62
Unallocated Financing Receivables | Originated
Allowance for loan losses:
Beginning balance	62	70
Collectively evaluated for impairment	125	450	$ 62
(Benefit) provision	63	380
Ending balance	$ 125	$ 450

Non-Accrual Loans and Past-Due

Non-Accrual Loans and Past-Due Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Originated
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 6,941	$ 7,342
Nonaccrual Loans	4,681	4,625
Originated | 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	4,152	2,981
Originated | 60-89 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	799	1,848
Originated | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,990	2,513
Acquired
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	2,480	2,521
Nonaccrual Loans	807	1,401
Acquired | 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,591	923
Acquired | 60-89 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	94	250
Acquired | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	795	1,348
Conventional | Originated
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	4,948	4,407
Nonaccrual Loans	2,121	2,310
Conventional | Originated | 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	3,984	1,644
Conventional | Originated | 60-89 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	149	1,309
Conventional | Originated | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	815	1,454
Conventional | Acquired
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,359	1,406
Nonaccrual Loans	190	707
Conventional | Acquired | 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,087	514
Conventional | Acquired | 60-89 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	94	238
Conventional | Acquired | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	178	654
Home Equity | Originated
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	140	346
Nonaccrual Loans	131	166
Home Equity | Originated | 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	15	180
Home Equity | Originated | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	125	166
Home Equity | Acquired
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	42	29
Nonaccrual Loans		17
Home Equity | Acquired | 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	42	12
Home Equity | Acquired | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		17
Real Estate Commercial | Originated
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,641	1,819
Nonaccrual Loans	2,323	1,565
Real Estate Commercial | Originated | 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	90	1,028
Real Estate Commercial | Originated | 60-89 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	591	482
Real Estate Commercial | Originated | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	960	309
Real Estate Commercial | Acquired
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	998	1,063
Nonaccrual Loans	617	677
Real Estate Commercial | Acquired | 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	381	386
Real Estate Commercial | Acquired | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	617	677
Construction | Originated
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		24
Construction | Originated | 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		24
Commercial and Municipal | Originated
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	186	723
Nonaccrual Loans	106	584
Commercial and Municipal | Originated | 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	37	89
Commercial and Municipal | Originated | 60-89 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	59	50
Commercial and Municipal | Originated | 90 Days or More Past Due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	90	584
Commercial and Municipal | Acquired
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	62	5
Commercial and Municipal | Acquired | 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	62	5
Consumer | Originated
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	26	23
Consumer | Originated | 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	26	16
Consumer | Originated | 60-89 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		7
Consumer | Acquired
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	19	18
Consumer | Acquired | 30-59 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 19	6
Consumer | Acquired | 60-89 Days
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		$ 12

Loan Portfolio - Additional Inf

Loan Portfolio - Additional Information (Detail)	3 Months Ended		12 Months Ended
	Mar. 31, 2016USD ($)Loan	Mar. 31, 2015USD ($)Loan	Dec. 31, 2015USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans past due 90 days or more and still accruing interest	$ 0		$ 0
Loans and leases considered to be in payment default	30 days	30 days
Troubled debt restructurings, Number of Loans | Loan	0	0
Troubled debt restructurings, Recorded Investment	$ 0	$ 4,000
Other real estate owned	799,000		904,000
Loans receivable, net	1,212,187,000		1,217,461,000
Carrying amount of debt securities acquired with evidence of deterioration of credit quality	2,200,000		2,400,000
Outstanding value of debt securities acquired with evidence of deterioration of credit quality	2,700,000		3,100,000
Company formally reviews the ratings on all loans	250,000
Loan amount, threshold	$ 250,000
Delinquent status, classification criteria days, minimum	60 days
The balance of capitalized servicing rights, net of valuation allowances, included in other assets	$ 2,200,000		2,400,000
Capitalized servicing rights	108,000	163,000
Amortization of capitalized servicing rights	247,000	$ 357,000
Fair value of capitalized servicing rights	3,400,000		4,000,000
Acquired
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable, net	118,572,000		121,835,000
Conventional
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment of real estate loans in process of foreclosure	$ 608,000		$ 1,200,000

Trouble Debt Restructurings (De

Trouble Debt Restructurings (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Financing Receivable, Modifications [Line Items]
Troubled debt restructured recorded investments	$ 8,256	$ 8,378
Performing
Financing Receivable, Modifications [Line Items]
Troubled debt restructured recorded investments	6,539	6,933
Non-performing
Financing Receivable, Modifications [Line Items]
Troubled debt restructured recorded investments	1,717	1,445
Conventional Real Estate
Financing Receivable, Modifications [Line Items]
Troubled debt restructured recorded investments	4,591	4,666
Conventional Real Estate | Performing
Financing Receivable, Modifications [Line Items]
Troubled debt restructured recorded investments	3,273	3,506
Conventional Real Estate | Non-performing
Financing Receivable, Modifications [Line Items]
Troubled debt restructured recorded investments	1,318	1,160
Real Estate Commercial
Financing Receivable, Modifications [Line Items]
Troubled debt restructured recorded investments	3,120	3,121
Real Estate Commercial | Performing
Financing Receivable, Modifications [Line Items]
Troubled debt restructured recorded investments	2,737	2,836
Real Estate Commercial | Non-performing
Financing Receivable, Modifications [Line Items]
Troubled debt restructured recorded investments	383	285
Construction
Financing Receivable, Modifications [Line Items]
Troubled debt restructured recorded investments	437	442
Construction | Performing
Financing Receivable, Modifications [Line Items]
Troubled debt restructured recorded investments	437	442
Commercial
Financing Receivable, Modifications [Line Items]
Troubled debt restructured recorded investments	108	149
Commercial | Performing
Financing Receivable, Modifications [Line Items]
Troubled debt restructured recorded investments	92	$ 149
Commercial | Non-performing
Financing Receivable, Modifications [Line Items]
Troubled debt restructured recorded investments	$ 16

Pre-Modification Balance Inform

Pre-Modification Balance Information on how Loans were Modified as TDRs (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Financing Receivable, Modifications [Line Items]
Financing receivable modifications, Extended Maturity		$ 80
Financing receivable modifications, Combination of Interest Only Payments and Maturity	$ 193	160
Financing receivable modifications, Combination of Interest Only Payments, Rate and Maturity		243
Financing receivable modifications, Interest Rate	45	7
Financing receivable modifications, Total	238	490
Real Estate Commercial
Financing Receivable, Modifications [Line Items]
Financing receivable modifications, Combination of Interest Only Payments and Maturity	193
Financing receivable modifications, Interest Rate	45
Financing receivable modifications, Total	$ 238
Conventional
Financing Receivable, Modifications [Line Items]
Financing receivable modifications, Extended Maturity		80
Financing receivable modifications, Combination of Interest Only Payments and Maturity		160
Financing receivable modifications, Combination of Interest Only Payments, Rate and Maturity		243
Financing receivable modifications, Total		483
Commercial and Municipal
Financing Receivable, Modifications [Line Items]
Financing receivable modifications, Interest Rate		7
Financing receivable modifications, Total		$ 7

Summary of Troubled Debt Restru

Summary of Troubled Debt Restructurings Occurred During Periods (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)Loan	Mar. 31, 2015USD ($)Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Loans | Loan	2	4
Pre Modification Outstanding Recorded Investment	$ 238	$ 490
Post Modification Outstanding Recorded Investment	$ 238	$ 490
Real Estate Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Loans | Loan	2
Pre Modification Outstanding Recorded Investment	$ 238
Post Modification Outstanding Recorded Investment	$ 238
Conventional
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Loans | Loan		3
Pre Modification Outstanding Recorded Investment		$ 483
Post Modification Outstanding Recorded Investment		$ 483
Commercial and Municipal
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of Loans | Loan		1
Pre Modification Outstanding Recorded Investment		$ 7
Post Modification Outstanding Recorded Investment		$ 7

Summary of Class of Loan with I

Summary of Class of Loan with Information Related to Individually Evaluated Impaired Loans within Originated Portfolio (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	$ 8,665	$ 6,668
With an allowance recorded, Recorded Investment	1,804	6,291
With no related allowance recorded, Unpaid Principal Balance	10,265	7,959
With an allowance recorded, Unpaid Principal Balance	1,834	6,612
With no related allowance recorded, Related Allowance for Credit Losses	0	0
Total Recorded Investment	10,469	12,959
Total Unpaid Principal Balance	12,099	14,571
Related Allowance for Credit Losses	229	386
Conventional
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	4,356	3,175
With an allowance recorded, Recorded Investment	816	3,319
With no related allowance recorded, Unpaid Principal Balance	5,107	3,895
With an allowance recorded, Unpaid Principal Balance	841	3,548
With no related allowance recorded, Related Allowance for Credit Losses	0	0
Total Recorded Investment	5,172	6,494
Total Unpaid Principal Balance	5,948	7,443
Related Allowance for Credit Losses	117	231
Home Equity
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	148	213
With no related allowance recorded, Unpaid Principal Balance	242	340
With no related allowance recorded, Related Allowance for Credit Losses	0	0
Total Recorded Investment	148	213
Total Unpaid Principal Balance	242	340
Real Estate Commercial
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	3,595	2,589
With an allowance recorded, Recorded Investment	933	2,489
With no related allowance recorded, Unpaid Principal Balance	4,314	3,028
With an allowance recorded, Unpaid Principal Balance	935	2,546
With no related allowance recorded, Related Allowance for Credit Losses	0	0
Total Recorded Investment	4,528	5,078
Total Unpaid Principal Balance	5,249	5,574
Related Allowance for Credit Losses	111	133
Construction
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	437
With an allowance recorded, Recorded Investment		442
With no related allowance recorded, Unpaid Principal Balance	471
With an allowance recorded, Unpaid Principal Balance		476
With no related allowance recorded, Related Allowance for Credit Losses	0	0
Total Recorded Investment	437	442
Total Unpaid Principal Balance	471	476
Related Allowance for Credit Losses		15
Commercial and Municipal
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Recorded Investment	129	691
With an allowance recorded, Recorded Investment	55	41
With no related allowance recorded, Unpaid Principal Balance	131	696
With an allowance recorded, Unpaid Principal Balance	58	42
With no related allowance recorded, Related Allowance for Credit Losses	0	0
Total Recorded Investment	184	732
Total Unpaid Principal Balance	189	738
Related Allowance for Credit Losses	$ 1	$ 7

Summary of Average Recorded Inv

Summary of Average Recorded Investment and Interest Income Recognized (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Average Recorded Investment	$ 9,124	$ 12,559
With no related allowance recorded, Interest Income Recognized	83	113
With an allowance recorded, Average Recorded Investment	1,814	979
With an allowance recorded, Interest Income Recognized	19	6
Total Average Recorded Investment	10,938	13,538
Total Interest Income Recognized	102	119
Conventional
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Average Recorded Investment	4,483	4,959
With no related allowance recorded, Interest Income Recognized	37	46
With an allowance recorded, Average Recorded Investment	820	776
With an allowance recorded, Interest Income Recognized	8	5
Total Average Recorded Investment	5,303	5,735
Total Interest Income Recognized	45	51
Home Equity
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Average Recorded Investment	169	181
With no related allowance recorded, Interest Income Recognized	1
Total Average Recorded Investment	169	181
Total Interest Income Recognized	1
Real Estate Commercial
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Average Recorded Investment	3,872	5,741
With no related allowance recorded, Interest Income Recognized	39	52
With an allowance recorded, Average Recorded Investment	937	203
With an allowance recorded, Interest Income Recognized	10	1
Total Average Recorded Investment	4,809	5,944
Total Interest Income Recognized	49	53
Construction
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Average Recorded Investment	439	1,006
With no related allowance recorded, Interest Income Recognized	5	13
Total Average Recorded Investment	439	1,006
Total Interest Income Recognized	5	13
Commercial and Municipal
Financing Receivable, Impaired [Line Items]
With no related allowance recorded, Average Recorded Investment	161	672
With no related allowance recorded, Interest Income Recognized	1	2
With an allowance recorded, Average Recorded Investment	57
With an allowance recorded, Interest Income Recognized	1
Total Average Recorded Investment	218	672
Total Interest Income Recognized	$ 2	$ 2

Accretable Yield for Purchased

Accretable Yield for Purchased Credit Impaired Loans (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Certain Loans Acquired in Transfer Accounted for as Debt Securities Accretable Yield Movement Schedule [Line Items]
Accretable yield at the beginning of the period	$ 2,213	$ 2,125
Reclassification from nonaccretable difference for loans with improved cash flows	13
Accretion	(36)	(43)
Change in cash flows that do not affect nonaccretable difference	(251)
Accretable yield at the end of the period	$ 1,939	$ 2,082

Loans by Risk Ratings (Detail)

Loans by Risk Ratings (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 1,216,622	$ 1,222,108	$ 1,197,744
Originated
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,097,778	1,099,975
Originated | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	352,267	353,327
Originated | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	4,376	4,408
Originated | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	16,121	13,925
Originated | Loans not formally rated
Financing Receivable, Recorded Investment [Line Items]
Total loans	725,014	728,315
Acquired
Financing Receivable, Recorded Investment [Line Items]
Total loans	118,844	122,133
Acquired | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	63,737	65,290
Acquired | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,684	1,643
Acquired | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,219	5,736
Acquired | Loans not formally rated
Financing Receivable, Recorded Investment [Line Items]
Total loans	48,204	49,464
Conventional and Home Equity Loan
Financing Receivable, Recorded Investment [Line Items]
Total loans	716,983	714,913	704,027
Conventional and Home Equity Loan | Originated
Financing Receivable, Recorded Investment [Line Items]
Total loans	671,115	667,471
Conventional and Home Equity Loan | Originated | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,194	5,272
Conventional and Home Equity Loan | Originated | Loans not formally rated
Financing Receivable, Recorded Investment [Line Items]
Total loans	665,921	662,199
Conventional and Home Equity Loan | Acquired
Financing Receivable, Recorded Investment [Line Items]
Total loans	45,868	47,442
Conventional and Home Equity Loan | Acquired | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	598	1,038
Conventional and Home Equity Loan | Acquired | Loans not formally rated
Financing Receivable, Recorded Investment [Line Items]
Total loans	45,270	46,404
Real Estate Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans	334,252	323,268	312,525
Real Estate Commercial | Originated
Financing Receivable, Recorded Investment [Line Items]
Total loans	272,322	259,834
Real Estate Commercial | Originated | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	236,028	222,466
Real Estate Commercial | Originated | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	4,254	4,278
Real Estate Commercial | Originated | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	9,960	7,670
Real Estate Commercial | Originated | Loans not formally rated
Financing Receivable, Recorded Investment [Line Items]
Total loans	22,080	25,420
Real Estate Commercial | Acquired
Financing Receivable, Recorded Investment [Line Items]
Total loans	61,930	63,434
Real Estate Commercial | Acquired | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	54,739	56,212
Real Estate Commercial | Acquired | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,684	1,643
Real Estate Commercial | Acquired | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	4,037	4,097
Real Estate Commercial | Acquired | Loans not formally rated
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,470	1,482
Construction
Financing Receivable, Recorded Investment [Line Items]
Total loans	21,539	34,918	39,861
Construction | Originated
Financing Receivable, Recorded Investment [Line Items]
Total loans	20,301	33,663
Construction | Originated | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	7,647	19,208
Construction | Originated | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	14	18
Construction | Originated | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	560	567
Construction | Originated | Loans not formally rated
Financing Receivable, Recorded Investment [Line Items]
Total loans	12,080	13,870
Construction | Acquired
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,238	1,255
Construction | Acquired | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,035	1,047
Construction | Acquired | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	92	92
Construction | Acquired | Loans not formally rated
Financing Receivable, Recorded Investment [Line Items]
Total loans	111	116
Commercial and Municipal
Financing Receivable, Recorded Investment [Line Items]
Total loans	137,818	142,521	133,028
Commercial and Municipal | Originated
Financing Receivable, Recorded Investment [Line Items]
Total loans	128,980	133,596
Commercial and Municipal | Originated | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	108,592	111,653
Commercial and Municipal | Originated | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans	108	112
Commercial and Municipal | Originated | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	407	416
Commercial and Municipal | Originated | Loans not formally rated
Financing Receivable, Recorded Investment [Line Items]
Total loans	19,873	21,415
Commercial and Municipal | Acquired
Financing Receivable, Recorded Investment [Line Items]
Total loans	8,838	8,925
Commercial and Municipal | Acquired | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans	7,963	8,031
Commercial and Municipal | Acquired | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans	492	509
Commercial and Municipal | Acquired | Loans not formally rated
Financing Receivable, Recorded Investment [Line Items]
Total loans	383	385
Consumer
Financing Receivable, Recorded Investment [Line Items]
Total loans	6,030	6,488	$ 8,303
Consumer | Originated
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,060	5,411
Consumer | Originated | Loans not formally rated
Financing Receivable, Recorded Investment [Line Items]
Total loans	5,060	5,411
Consumer | Acquired
Financing Receivable, Recorded Investment [Line Items]
Total loans	970	1,077
Consumer | Acquired | Loans not formally rated
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 970	$ 1,077

Analysis of Aggregate Changes i

Analysis of Aggregate Changes in Valuation Allowance for Capitalized Servicing Rights (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Valuation Allowance for Impairment of Recognized Servicing Assets [Line Items]
Beginning balance	$ 73	$ 19
Increase	125	44
Ending balance	$ 198	$ 63

Short-term Collateralized Finan

Short-term Collateralized Financing Obtained through Repurchase Agreements and Related Collateral (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Short-term collateralized financing obtained through repurchase agreements	$ 22,689	$ 25,012
Repurchase agreements	20,259	17,957
US Treasury Securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Short-term collateralized financing obtained through repurchase agreements	2,423	20,973
US Treasury Bond Securities
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Short-term collateralized financing obtained through repurchase agreements	452	414
Collateralized Mortgage Obligations
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Short-term collateralized financing obtained through repurchase agreements	19,079	2,896
Municipal bonds
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Short-term collateralized financing obtained through repurchase agreements	$ 735	$ 729

Stock-based Compensation - Addi

Stock-based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 11, 2015	May. 01, 2014	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation cost			$ 86	$ 39
Stock awards, non-vested		15,000
Stock awards, vested		1,500
2004 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding			0
2004 Plan | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock non-vested awards outstanding			93,050
2004 Plan | Director | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards, shares granted		16,500
2004 Plan | 15,000 shares vest ratably over a five year period beginning on May 1, 2015 | Director | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards, vesting period		5 years
2014 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining available shares for issuance			410,000
Options outstanding			0
2014 Plan | Officer | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards, shares granted	64,250
2014 Plan | 64,250 shares vest ratably over a five year period beginning on June 11, 2016 | Officer | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock awards, vesting period	5 years

Net Periodic Pension Cost (Deta

Net Periodic Pension Cost (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 31	$ 93
Expected return on plan assets	(63)	(160)
Amortization of unrecognized net loss	$ 32	89
Net periodic pension cost		$ 22

Fair Values of Derivative Instr

Fair Values of Derivative Instruments (Detail) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Derivatives, Fair Value [Line Items]
Interest rate lock commitments	$ 104,000	$ 32,000
Forward loan sale commitments, liability	(121,000)	(14,000)
Interest Rate Lock Commitments | Derivative Assets
Derivatives, Fair Value [Line Items]
Notional Amount	9,550,000	4,623,000
Forward loan sale commitments | Derivative Assets
Derivatives, Fair Value [Line Items]
Notional Amount	$ 13,027,000	$ 5,135,000

Basic and Diluted earnings Per

Basic and Diluted earnings Per Common Share Calculations (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Net income as reported	$ 2,469	$ 2,303
Cumulative preferred stock dividend earned		(20)
Dividends and undistributed earnings allocated to participating shares	(28)
Net income applicable to common stock	$ 2,441	$ 2,283
Weighted average common shares outstanding for basic EPS	8,286,289	8,261,383
Effect of dilutive equity-based awards	4,695,000	14,307,000
Weighted average common shares outstanding for dilutive EPS	8,290,984	8,275,690
Earnings per common share - basic	$ 0.29	$ 0.28
Earnings per common share - diluted	$ 0.29	$ 0.28

Accumulated Other Comprehensi64

Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net unrealized holding gain (loss) on available-for-sale securities, net of tax	$ 791	$ (810)
Unrecognized net actuarial loss, defined benefit pension plan, net of tax	(3,040)	(3,040)
Accumulated other comprehensive loss	$ (2,249)	$ (3,850)

Reclassification Disclosure of

Reclassification Disclosure of Other Comprehensive (Loss) Income (Detail) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Schedule of Other Comprehensive Income (Loss) [Line Items]
Net unrealized holding gains on available-for-sale securities		$ 2,651	$ 777
Reclassification adjustment for realized gains in net income	[1]		(373)
Other comprehensive income before income tax effect		2,651	404
Income tax expense		(1,050)	(160)
Other comprehensive income, net of tax effect		$ 1,601	$ 244
[1]	Reclassification adjustments are comprised of realized securities gains. The gains have been reclassified out of accumulated other comprehensive loss and have affected certain lines in the condensed consolidated statements of income as follows: the pre-tax amounts are included in gain on sales of securities, net, the tax expense in the amount of $148 thousand for the three months ended March 31, 2015 is included in provision for income taxes and the after tax amounts are included in net income.

Reclassification Disclosure o66

Reclassification Disclosure of Other Comprehensive (Loss) Income (Parenthetical) (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2015USD ($)
Schedule of Other Comprehensive Income (Loss) [Line Items]
Reclassification adjustment for realized gains in net income, tax expense	$ 148

Operating Segments - Additional

Operating Segments - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016Segment
Segment Reporting Information [Line Items]
Number of reportable segments	3

Summary of Operating Segments (

Summary of Operating Segments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Segment Reporting Information [Line Items]
Net interest and dividend income (expense)	$ 10,563	$ 10,233
Provision for (benefit) from loan losses	111	205
Noninterest income	4,581	4,756
Noninterest expense	11,542	11,413
Income (loss) before provision for income taxes	3,491	3,371
Provision (benefit) for income taxes	1,022	1,068
Net income (loss)	2,469	2,303
Total Assets	1,563,231	1,487,123	$ 1,517,774
Operating Segments | Banking
Segment Reporting Information [Line Items]
Net interest and dividend income (expense)	11,031	10,683
Provision for (benefit) from loan losses	111	205
Noninterest income	2,722	2,695
Noninterest expense	9,613	9,397
Income (loss) before provision for income taxes	4,029	3,776
Provision (benefit) for income taxes	1,161	1,223
Net income (loss)	2,868	2,553
Total Assets	1,564,213	1,466,835
Operating Segments | Wealth Management
Segment Reporting Information [Line Items]
Net interest and dividend income (expense)	4	7
Noninterest income	2,070	2,061
Noninterest expense	1,778	1,780
Income (loss) before provision for income taxes	296	288
Provision (benefit) for income taxes	109	107
Net income (loss)	187	181
Total Assets	22,843	18,811
Holding Company
Segment Reporting Information [Line Items]
Net interest and dividend income (expense)	(472)	(457)
Noninterest income	2,868	734
Noninterest expense	175	236
Income (loss) before provision for income taxes	2,221	41
Provision (benefit) for income taxes	(248)	(262)
Net income (loss)	2,469	303
Total Assets	176,355	175,186
Eliminations
Segment Reporting Information [Line Items]
Noninterest income	(3,079)	(734)
Noninterest expense	(24)
Income (loss) before provision for income taxes	(3,055)	(734)
Net income (loss)	(3,055)	(734)
Total Assets	$ (200,180)	$ (173,709)

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event - $ / shares	May. 05, 2016	Apr. 12, 2016
Subsequent Event [Line Items]
Dividend declared per share		$ 0.14
Dividend declared date		Apr. 12, 2016
Dividend payable date		Apr. 29, 2016
Dividend record date		Apr. 22, 2016
Bar Harbor Bankshares
Subsequent Event [Line Items]
Merger agreement date	May 5, 2016
Stock converted into right to receive shares	0.4970